SEDC PEKAN MARANG (MR(P) 29-01)

SEDC PEKAN MARANG (MR(P) 29-01) in Marang, Terengganu recorded 4 subsale transactions in 2022, with a median price of RM 800K and a median price per square foot (PSF) of RM 419.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 800K, with most transactions falling within a stable range of RM 600K to RM 1.11 million, and a typical market range of RM 790K to RM 810K.

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

Price per square foot shows a median of RM 419, though individual units vary from RM 220 to RM 618 in the core range. The broader market spans RM 419.00 to RM 419.00, indicating diverse property characteristics. A wider spread (IQR: RM 0.00) and deviation (MAD: RM 199) 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.