MERIDIEN RESIDENCE

MERIDIEN RESIDENCE in Barat Daya, Penang recorded 6 subsale transactions in 2022, with a median price of RM 558K and a median price per square foot (PSF) of RM 443.

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 520K to RM 616K, and a typical market range of RM 528K to RM 588K.

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

The median PSF stands at RM 443, with core pricing between RM 397 and RM 489. Market pricing typically extends from RM 427.00 to RM 459.00, reflecting moderate variation in unit pricing. With an IQR of RM 32.00 and MAD of RM 46, the PSF demonstrates reasonable consistency across the market.

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.