SETOL PATAH in Marang, Terengganu recorded 2 subsale transactions in 2023, priced up to RM 300K and up to 1,000 sqft, with a median price of RM 185K and a median price per square foot (PSF) of RM 232.
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 185K, with most transactions falling within a stable range of RM 145K to RM 225K, and a typical market range of RM 143K to RM 228K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.
For price per square foot, the median is RM 232, with most transactions between RM 212 and RM 252. The usual range is RM 212.26 to RM 252.26, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.00 and an average deviation (MAD) of RM 20 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
