Fairview Residence
Cangkat Sungai Ara 6A, Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
Cangkat Sungai Ara 6A, Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level 25
|
RM 443,000
|
RM 564
|
786 sqft
|
|
Condo |
|
Level 29
|
RM 433,000
|
RM 551
|
786 sqft
|
|
Condo |
|
Level 9
|
RM 403,000
|
RM 513
|
786 sqft
|
|
Condo |
|
Level 21
|
RM 403,000
|
RM 513
|
786 sqft
|
|
Condo |
|
Level 31
|
RM 433,000
|
RM 551
|
786 sqft
|
|
Condo |
|
Level 19
|
RM 403,000
|
RM 513
|
786 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 418,000
RM 532 psfMedian transaction price
Cangkat Sungai Ara 6A, Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsFairview Residence in Barat Daya, Penang recorded 6 subsale transactions between 2021 and 2026, sized between 775 and 824 sqft, with a median price of RM 418K and a median price per square foot (PSF) of RM 532.
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 418K, with most transactions falling within a stable range of RM 403K to RM 435K, and a typical market range of RM 408K to RM 428K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 532, with most transactions between RM 510 and RM 554. The usual range is RM 490.96 to RM 572.96, showing that most units are priced quite close to each other. With an IQR of RM 82.00 and MAD of RM 22, 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.