MERIDIEN RESIDENCE

MERIDIEN RESIDENCE in Barat Daya, Penang recorded 14 subsale transactions between 2021 and 2025, with a median price of RM 558K and a median price per square foot (PSF) of RM 436.

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 558K, with most transactions falling within a stable range of RM 538K to RM 578K, and a typical market range of RM 531K to RM 584K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 436, with most transactions between RM 417 and RM 455. The usual range is RM 421.00 to RM 451.00, 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 19 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.