Penang
Barat Daya
11
TIERRA RESIDENCES

TIERRA RESIDENCES

Area Intelligence

2024

Median Price

RM 960,000

PSF: RM 676

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Residential PSF Trends

Median Price

RM 960,000

PSF: RM 676

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 940K to RM 960K, and a typical market range of RM 920K to RM 960K.

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

For price per square foot, the median is RM 676, with most transactions between RM 662 and RM 690. The usual range is RM 549.50 to RM 802.50, showing that most units are priced quite close to each other. With an IQR of RM 253.00 and MAD of RM 14, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TIERRA RESIDENCES, Barat Daya, Penang

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