IMPERIAL RESIDENCES

IMPERIAL RESIDENCES in Barat Daya, Penang recorded 7 subsale transactions in 2024, with a median price of RM 582K and a median price per square foot (PSF) of RM 525.

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 582K, with most transactions falling within a stable range of RM 541K to RM 623K, and a typical market range of RM 546K to RM 618K.

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

For price per square foot, the median is RM 525, with most transactions between RM 496 and RM 555. The usual range is RM 490.88 to RM 559.13, 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.