PAYA RESAK

PAYA RESAK in Marang, Terengganu recorded 5 subsale transactions in 2023, with a median price of RM 420K and a median price per square foot (PSF) of RM 87.

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 420K, with most transactions falling within a stable range of RM 333K to RM 500K, and a typical market range of RM 381K to RM 459K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.

Price per square foot shows a median of RM 87, though individual units vary from RM 64 to RM 110 in the core range. The broader market spans RM 65.88 to RM 108.13, indicating diverse property characteristics. A wider spread (IQR: RM 42.25) and deviation (MAD: RM 23) indicate significant PSF variations, likely due to diverse property types or conditions.

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.