PENARIK

PENARIK in Setiu, Terengganu recorded 4 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 46.

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 250K, with most transactions falling within a stable range of RM 240K to RM 291K, and a typical market range of RM 240K to RM 275K.

Most transactions involved detached, though some variety exists in the market.

The median PSF stands at RM 46, with core pricing between RM 41 and RM 51. Market pricing typically extends from RM 27.00 to RM 65.00, reflecting moderate variation in unit pricing. With an IQR of RM 38.00 and MAD of RM 5, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.