EMERALD PARK in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 372K and a median price per square foot (PSF) of RM 408.
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 372K, with most transactions falling within a stable range of RM 54K to RM 689K, and a typical market range of RM 56K to RM 687K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 408, with most transactions between RM 395 and RM 422. The usual range is RM 388.00 to RM 428.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.00 and an average deviation (MAD) of RM 14 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.
