PARK CHERANG GULING

PARK CHERANG GULING in Marang, Terengganu recorded 8 subsale transactions in 2023, with a median price of RM 170K and a median price per square foot (PSF) of RM 121.

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 170K, with most transactions falling within a stable range of RM 85K to RM 255K, and a typical market range of RM 96K to RM 245K.

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

Price per square foot shows a median of RM 121, though individual units vary from RM 69 to RM 173 in the core range. The broader market spans RM 79.00 to RM 163.00, indicating diverse property characteristics. A wider spread (IQR: RM 84.00) and deviation (MAD: RM 52) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.