BUKIT GEDONG in Barat Daya, Penang recorded 17 subsale transactions in 2023, with a median price of RM 310K and a median price per square foot (PSF) of RM 427.
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 310K, with most transactions falling within a stable range of RM 250K to RM 370K, and a typical market range of RM 254K to RM 366K.
Most transactions involved cluster house, with high diversity across multiple property types.
The median PSF stands at RM 427, with core pricing between RM 362 and RM 493. Market pricing typically extends from RM 354.38 to RM 499.63, reflecting moderate variation in unit pricing. The spread of RM 145.25 (IQR) and deviation of RM 66 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
