MERANG

MERANG in Setiu, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM 425K and a median price per square foot (PSF) of RM 68.

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 425K, with most transactions falling within a stable range of RM 300K to RM 550K, and a typical market range of RM 378K to RM 473K.

Most transactions involved detached, with minimal variety in property types.

The median PSF stands at RM 68, with core pricing between RM 56 and RM 80. Market pricing typically extends from RM 55.50 to RM 80.50, reflecting moderate variation in unit pricing. The spread of RM 25.00 (IQR) and deviation of RM 12 (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.