Meridien Residence
Tingkat Kelicap, Mutiara Perdana, 11900 Bayan Lepas, Pulau Pinang, Malaysia
Tingkat Kelicap, Mutiara Perdana, 11900 Bayan Lepas, Pulau Pinang, Malaysia
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Market Snapshot
ResidentialRM 575,000
RM 417 psfMedian transaction price
Tingkat Kelicap, Mutiara Perdana, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsMeridien Residence in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM 575K and a median price per square foot (PSF) of RM 417.
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 575K, with most transactions falling within a stable range of RM 550K to RM 600K, and a typical market range of RM 550K to RM 600K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 417, with most transactions between RM 399 and RM 435. The usual range is RM 402.34 to RM 432.34, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 30.00 and an average deviation (MAD) of RM 18 indicate a highly stable PSF trend across properties.
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.