PARK CHERANG GULING

PARK CHERANG GULING in Marang, Terengganu recorded 7 subsale transactions in 2022, with a median price of RM 259K and a median price per square foot (PSF) of RM 176.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 259K, with most transactions falling within a stable range of RM 199K to RM 260K, and a typical market range of RM 185K to RM 260K.

Most transactions involved low-cost house, with moderate diversity in property types available.

The median PSF stands at RM 176, with core pricing between RM 142 and RM 210. Market pricing typically extends from RM 134.00 to RM 218.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 34 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.