RMM BUKIT GASING in Marang, Terengganu recorded 5 subsale transactions in 2023, with a median price of RM 73K and a median price per square foot (PSF) of RM 42.
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 73K, with most transactions falling within a stable range of RM 71K to RM 75K, and a typical market range of RM 69K to RM 77K.
Most transactions involved low-cost house, though some variety exists in the market.
The median PSF stands at RM 42, with core pricing between RM 35 and RM 50. Market pricing typically extends from RM 36.38 to RM 47.63, reflecting moderate variation in unit pricing. The spread of RM 11.25 (IQR) and deviation of RM 8 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
