IMPERIAL RESIDENCES

IMPERIAL RESIDENCES in Barat Daya, Penang recorded 10 subsale transactions in 2023, with a median price of RM 556K and a median price per square foot (PSF) of RM 501.

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 556K, with most transactions falling within a stable range of RM 515K to RM 597K, and a typical market range of RM 519K to RM 592K.

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

For price per square foot, the median is RM 501, with most transactions between RM 472 and RM 531. The usual range is RM 466.88 to RM 535.13, showing that most units are priced quite close to each other. With an IQR of RM 68.25 and MAD of RM 30, 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.