PARK CHERANG GULING in Marang, Terengganu recorded 4 subsale transactions in 2021, with a median price of RM 259K and a median price per square foot (PSF) of RM 185.
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 170K to RM 348K, and a typical market range of RM 185K to RM 334K.
Most transactions involved low-cost house, with moderate diversity in property types available.
Price per square foot shows a median of RM 185, though individual units vary from RM 140 to RM 230 in the core range. The broader market spans RM 143.00 to RM 227.00, indicating diverse property characteristics. The spread of RM 84.00 (IQR) and deviation of RM 45 (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.
