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

SEDC PEKAN MARANG (MR(P) 29-01) in Marang, Terengganu recorded 7 subsale transactions in 2024, with a median price of RM 600K 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 600K, with most transactions falling within a stable range of RM 500K to RM 838K, and a typical market range of RM 590K to RM 610K.

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

The median PSF stands at RM 419, with core pricing between RM 347 and RM 491. Market pricing typically extends from RM 419.00 to RM 419.00, reflecting moderate variation in unit pricing. The spread of RM 0.00 (IQR) and deviation of RM 72 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.