RAKR BUKIT PAYUNG (MR 44-02)

RAKR BUKIT PAYUNG (MR 44-02) in Marang, Terengganu recorded 3 subsale transactions in 2023, with a median price of RM 145K 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 145K, with most transactions falling within a stable range of RM 120K to RM 170K, and a typical market range of RM 124K to RM 166K.

Most transactions involved low-cost house, though some variety exists in the market.

The median PSF stands at RM 121, with core pricing between RM 100 and RM 142. Market pricing typically extends from RM 106.75 to RM 135.25, reflecting moderate variation in unit pricing. The spread of RM 28.50 (IQR) and deviation of RM 21 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.