RU RENDANG in Marang, Terengganu recorded 11 subsale transactions in 2023, with a median price of RM 253K and a median price per square foot (PSF) of RM 166.
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 253K, with most transactions falling within a stable range of RM 206K to RM 281K, and a typical market range of RM 234K to RM 273K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 166, with core pricing between RM 139 and RM 193. Market pricing typically extends from RM 137.50 to RM 194.50, reflecting moderate variation in unit pricing. The spread of RM 57.00 (IQR) and deviation of RM 27 (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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
