BAYAN CITY / ELITE HEIGHT

BAYAN CITY / ELITE HEIGHT in Barat Daya, Penang recorded 27 subsale transactions in 2022, with a median price of RM 620K and a median price per square foot (PSF) of RM 443.

This area contains both residential and commercial properties. View 47 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 620K, with most transactions falling within a stable range of RM 465K to RM 821K, and a typical market range of RM 576K to RM 664K.

Most transactions involved service apartment, though some variety exists in the market.

The median PSF stands at RM 443, with core pricing between RM 365 and RM 521. Market pricing typically extends from RM 399.75 to RM 486.25, reflecting moderate variation in unit pricing. The spread of RM 86.50 (IQR) and deviation of RM 78 (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. Moderate transaction volume may require patience when buying or selling.