QUEENS RESIDENCES Q1 @ QUEENS WATERFRONT

QUEENS RESIDENCES Q1 @ QUEENS WATERFRONT in Barat Daya, Penang recorded 12 subsale transactions in 2023, with a median price of RM 1.08 million and a median price per square foot (PSF) of RM 1,091.

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 1.08 million, with most transactions falling within a stable range of RM 817K to RM 1.46 million, and a typical market range of RM 885K to RM 1.28 million.

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

The median PSF stands at RM 1,091, with core pricing between RM 967 and RM 1,214. Market pricing typically extends from RM 980.75 to RM 1,200.25, reflecting moderate variation in unit pricing. With an IQR of RM 219.50 and MAD of RM 124, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.