BUKIT GEDONG in Barat Daya, Penang recorded 10 subsale transactions in 2024, with a median price of RM 285K and a median price per square foot (PSF) of RM 412.
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 285K, with most transactions falling within a stable range of RM 225K to RM 345K, and a typical market range of RM 229K to RM 341K.
Most transactions involved cluster house, with high diversity across multiple property types.
The median PSF stands at RM 412, with core pricing between RM 347 and RM 478. Market pricing typically extends from RM 339.38 to RM 484.63, 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.
