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 500K to RM 503K, and a typical market range of RM 500K to RM 430K.

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

The median PSF stands at RM 600, with core pricing between RM 508 and RM 692. Market pricing typically extends from RM 567.50 to RM 632.50, reflecting moderate variation in unit pricing. The spread of RM 65.00 (IQR) and deviation of RM 92 (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. Moderate transaction volume may require patience when buying or selling.

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FAIRVIEW RESIDENCE, Barat Daya, Penang

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