Penang
Barat Daya
10
FAIRVIEW RESIDENCE

FAIRVIEW RESIDENCE

Area Intelligence

2024

Median Price

RM 420,000

PSF: RM 600

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Residential PSF Trends

Median Price

RM 420,000

PSF: RM 600

FAIRVIEW RESIDENCE in Barat Daya, Penang recorded 31 subsale transactions in 2024, with a median price of RM 420K and a median price per square foot (PSF) of RM 600.

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 420K, with most transactions falling within a stable range of RM 410K to RM 444K, and a typical market range of RM 410K to RM 430K.

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

For price per square foot, the median is RM 600, with most transactions between RM 577 and RM 623. The usual range is RM 567.50 to RM 632.50, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 23, 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. Moderate transaction volume may require patience when buying or selling.

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FAIRVIEW RESIDENCE, Barat Daya, Penang

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