P/L 1490 PULAU KERENGGA (MR 46-04)

P/L 1490 PULAU KERENGGA (MR 46-04) in Marang, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 77.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 290K, with most transactions falling within a stable range of RM 285K to RM 295K, and a typical market range of RM 288K to RM 293K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 77, with most transactions between RM 75 and RM 78. The usual range is RM 75.75 to RM 77.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 1.50 and an average deviation (MAD) of RM 2 indicate a highly stable PSF trend across properties.

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.