PENARIK

PENARIK in Setiu, Terengganu recorded 3 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 86.

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 290K, with most transactions falling within a stable range of RM 268K to RM 300K, and a typical market range of RM 266K to RM 300K.

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

Price per square foot shows a median of RM 86, though individual units vary from RM 65 to RM 107 in the core range. The broader market spans RM 67.00 to RM 105.00, indicating diverse property characteristics. The spread of RM 38.00 (IQR) and deviation of RM 21 (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. 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.