TIERRA RESIDENCES

TIERRA RESIDENCES in Barat Daya, Penang recorded 3 subsale transactions in 2024, with a median price of RM 960K and a median price per square foot (PSF) of RM 676.

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 960K, with most transactions falling within a stable range of RM 920K to RM 1.15 million, and a typical market range of RM 920K to RM 1.14 million.

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

Price per square foot shows a median of RM 676, though individual units vary from RM 540 to RM 812 in the core range. The broader market spans RM 549.50 to RM 802.50, indicating diverse property characteristics. The spread of RM 253.00 (IQR) and deviation of RM 136 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.