|
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 |
|
Lorong Sungai Batu 3A
|
RM 1,565,000
|
RM 486
|
3,218 sqft
|
|
Semi-D |
|
Lorong Sungai Batu 3
|
RM 830,000
|
RM 535
|
1,550 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 965,000
RM 473 psfMedian transaction price
Southwest District, Penang, Malaysia
MapsDesa Pantai Indah in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM 965K and a median price per square foot (PSF) of RM 473.
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 965K, with most transactions falling within a stable range of RM 750K to RM 1.28 million, and a typical market range of RM 750K to RM 1.31 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 473, with core pricing between RM 391 and RM 556. Market pricing typically extends from RM 413.30 to RM 533.30, reflecting moderate variation in unit pricing. The spread of RM 120.00 (IQR) and deviation of RM 83 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.