BAYAN POINT

BAYAN POINT in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 368.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 345K to RM 1.25 million, and a typical market range of RM 345K to RM 741K.

Most transactions involved office lot, with moderate diversity in property types available.

Price per square foot shows a median of RM 368, though individual units vary from RM 267 to RM 469 in the core range. The broader market spans RM 310.88 to RM 425.13, indicating diverse property characteristics. A wider spread (IQR: RM 114.25) and deviation (MAD: RM 101) indicate significant PSF variations, likely due to diverse property types or conditions.

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.