RAWAI

RAWAI in Marang, Terengganu recorded 18 subsale transactions in 2023, with a median price of RM 334K and a median price per square foot (PSF) of RM 103.

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 334K, with most transactions falling within a stable range of RM 293K to RM 374K, and a typical market range of RM 294K to RM 374K.

Most transactions involved 1 - 1 1/2 storey semi-detached, though some variety exists in the market.

The median PSF stands at RM 103, with core pricing between RM 86 and RM 119. Market pricing typically extends from RM 89.00 to RM 116.00, reflecting moderate variation in unit pricing. The spread of RM 27.00 (IQR) and deviation of RM 16 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.