Penang
Barat Daya
11
MONT TIERRA RESIDENCES

MONT TIERRA RESIDENCES

Area Intelligence

2022

Median Price

RM 881,000

PSF: RM 329

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Residential PSF Trends

Median Price

RM 881,000

PSF: RM 621

MONT TIERRA RESIDENCES in Barat Daya, Penang recorded 2 subsale transactions in 2022, with a median price of RM 881K and a median price per square foot (PSF) of RM 329.

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 881K, with most transactions falling within a stable range of RM 874K to RM 888K, and a typical market range of RM 874K to RM 888K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 329, with most transactions between RM 326 and RM 331. The usual range is RM 316.21 to RM 341.21, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 25.00 and an average deviation (MAD) of RM 3 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.

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MONT TIERRA RESIDENCES, Barat Daya, Penang

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