BAYSTAR QUEENBAY CONDOMINIUM

BAYSTAR QUEENBAY CONDOMINIUM in Barat Daya, Penang recorded 3 subsale transactions in 2022, with a median price of RM 1.03 million and a median price per square foot (PSF) of RM 588.

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 1.03 million, with most transactions falling within a stable range of RM 1.01 million to RM 1.05 million, and a typical market range of RM 1.00 million to RM 1.05 million.

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

For price per square foot, the median is RM 588, with most transactions between RM 570 and RM 606. The usual range is RM 544.50 to RM 631.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 18, 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.