| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 9
|
RM 350,000
|
RM 500
|
700 sqft
|
|
|
|
Level 13
|
RM 333,000
|
RM 476
|
700 sqft
|
|
|
|
Level 14
|
RM 300,000
|
RM 429
|
700 sqft
|
|
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Market Snapshot
ResidentialRM 440,000
RM 456 psfMedian transaction price
Southwest District, Penang, Malaysia
MapsZon Pavillon in Barat Daya, Penang recorded 6 subsale transactions in 2022, with a median price of RM 440K and a median price per square foot (PSF) of RM 456.
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 440K, with most transactions falling within a stable range of RM 300K to RM 686K, and a typical market range of RM 300K to RM 682K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 456, with most transactions between RM 427 and RM 484. The usual range is RM 431.22 to RM 480.22, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 49.00 and an average deviation (MAD) of RM 28 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.