|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Lorong Sungai Batu 3A
|
RM 750,000
|
RM 314
|
2,390 sqft
|
|
2-Sty Terrace |
|
Lorong Sungai Batu 3A
|
RM 1,100,000
|
RM 460
|
2,390 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 925,000
RM 387 psfMedian transaction price
Southwest District, Penang, Malaysia
MapsDesa Pantai Indah in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 2,375 and 2,424 sqft, with a median price of RM 925K and a median price per square foot (PSF) of RM 387.
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 925K, with most transactions falling within a stable range of RM 750K to RM 1.10 million, and a typical market range of RM 750K to RM 1.10 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 387, with core pricing between RM 314 and RM 460. Market pricing typically extends from RM 327.10 to RM 447.10, reflecting moderate variation in unit pricing. The spread of RM 120.00 (IQR) and deviation of RM 73 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.