FAIRVIEW RESIDENCE

FAIRVIEW RESIDENCE in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 434K and a median price per square foot (PSF) of RM 568.

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 434K, with most transactions falling within a stable range of RM 548K to RM 480K, and a typical market range of RM 548K to RM 444K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 568, with most transactions between RM 517 and RM 619. The usual range is RM 535.50 to RM 600.50, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 51, 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.