TASEK in Marang, Terengganu recorded 23 subsale transactions in 2022, with a median price of RM 350K and a median price per square foot (PSF) of RM 92.
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 350K, with most transactions falling within a stable range of RM 328K to RM 373K, and a typical market range of RM 307K to RM 393K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.
The median PSF stands at RM 92, with core pricing between RM 75 and RM 110. Market pricing typically extends from RM 74.75 to RM 109.25, reflecting moderate variation in unit pricing. The spread of RM 34.50 (IQR) and deviation of RM 18 (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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Moderate transaction volume may require patience when buying or selling.
