PEKAN MARANG

PEKAN MARANG in Marang, Terengganu recorded 2 subsale transactions in 2022, with a median price of RM 275K and a median price per square foot (PSF) of RM 197.

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 275K, with most transactions falling within a stable range of RM 250K to RM 300K, and a typical market range of RM 263K to RM 288K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 197, with most transactions between RM 179 and RM 214. The usual range is RM 161.50 to RM 231.50, showing that most units are priced quite close to each other. With an IQR of RM 70.00 and MAD of RM 18, the PSF demonstrates reasonable consistency across the market.

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.