ORCHARD VILLE

ORCHARD VILLE in Barat Daya, Penang recorded 3 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 522.

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 580K, with most transactions falling within a stable range of RM 565K to RM 583K, and a typical market range of RM 550K to RM 583K.

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

For price per square foot, the median is RM 522, with most transactions between RM 511 and RM 533. The usual range is RM 494.13 to RM 549.88, showing that most units are priced quite close to each other. With an IQR of RM 55.75 and MAD of RM 11, 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.