QUEENS RESIDENCES Q2 @ QUEENS WATERFRONT

QUEENS RESIDENCES Q2 @ QUEENS WATERFRONT in Barat Daya, Penang recorded 18 subsale transactions in 2023, with a median price of RM 988K and a median price per square foot (PSF) of RM 1,043.

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 988K, with most transactions falling within a stable range of RM 850K to RM 1.53 million, and a typical market range of RM 850K to RM 1.48 million.

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

The median PSF stands at RM 1,043, with core pricing between RM 881 and RM 1,204. Market pricing typically extends from RM 896.63 to RM 1,188.38, reflecting moderate variation in unit pricing. The spread of RM 291.75 (IQR) and deviation of RM 161 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.