Penang
Barat Daya
12
BAYAN POINT

BAYAN POINT

Area Intelligence

2023

Median Price

RM 500,000

PSF: RM 231

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Commercial PSF Trends

Median Price

RM 500,000

RM 231 PSF

BAYAN POINT in Barat Daya, Penang recorded 1 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 231.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved office lot, though some variety exists in the market.

For price per square foot, the median is RM 231, with most transactions between RM 231 and RM 231. The usual range is RM 196.00 to RM 266.00, showing that most units are priced quite close to each other. With an IQR of RM 70.00 and MAD of RM 0, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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BAYAN POINT, Barat Daya, Penang

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