PEKAN MARANG

PEKAN MARANG in Marang, Terengganu recorded 2 subsale transactions in 2022, with a median price of RM 349K and a median price per square foot (PSF) of RM 67.

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 349K, with most transactions falling within a stable range of RM 317K to RM 380K, and a typical market range of RM 330K to RM 367K.

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

For price per square foot, the median is RM 67, with most transactions between RM 65 and RM 69. The usual range is RM 51.50 to RM 82.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.00 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.