Area Intelligence

PADANG MENGKUANG

4 properties
Double Storey Shop
Median Price
RM 575,000
PSF: RM 329

Residential Market

Median Price

RM 490,000

IQR: RM 11
MAD: RM 11
RM 76 PSF 7.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 575,000

IQR: RM 150
MAD: RM 70
RM 329 PSF 17.6%

PSF Trends (2021-2025)

PADANG MENGKUANG in Marang, Terengganu recorded 4 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 575K and a median price per square foot (PSF) of RM 329.

This area contains both residential and commercial properties. View 3 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 575K, with most transactions falling within a stable range of RM 519K to RM 631K, and a typical market range of RM 500K to RM 650K.

Within the Double Storey Shop category, 1 - 1 1/2 storey semi-detached dominated the market, with moderate diversity in property types available.

Price per square foot shows a median of RM 329, though individual units vary from RM 240 to RM 417 in the core range. The broader market spans RM 301.50 to RM 355.50, indicating diverse property characteristics. A wider spread (IQR: RM 54.00) and deviation (MAD: RM 89) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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PADANG MENGKUANG, Marang, Terengganu

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Transactions

4 properties grouped by size

1,400 sqft 2 units Double Storey Shop
RM 550,000 - 650,000 PSF: RM 429
Road Price PSF Size Date
OFF JLN BKT PAYUNG- BINJAI R
RM 650,000
RM 465.00
1,399 sqft
Nov 2024
OFF JLN BKT PAYUNG- BINJAI R
RM 550,000
RM 393.00
1,399 sqft
Oct 2024
1,950 sqft 1 units Double Storey Shop
RM 500,000 PSF: RM 254
Road Price PSF Size Date
JLN BKT PAYONG-BINJAI RENDAH (P/L
RM 500,000
RM 254.00
1,970 sqft
Oct 2022
2,250 sqft 1 units Double Storey Shop
RM 600,000 PSF: RM 264
Road Price PSF Size Date
JLN BKT PAYONG-BINJAI RENDAH (P/L:1548
RM 600,000
RM 264.00
2,271 sqft
Dec 2021