TIERRA RESIDENCES

TIERRA RESIDENCES in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 1.20 million and a median price per square foot (PSF) of RM 845.

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 1.20 million, with most transactions falling within a stable range of RM 975K to RM 1.25 million, and a typical market range of RM 1.02 million to RM 1.25 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 845, though individual units vary from RM 615 to RM 1,075 in the core range. The broader market spans RM 718.50 to RM 971.50, indicating diverse property characteristics. A wider spread (IQR: RM 253.00) and deviation (MAD: RM 230) indicate significant PSF variations, likely due to diverse property types or conditions.

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.