BUKIT GEDONG

BUKIT GEDONG in Barat Daya, Penang recorded 11 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 357.

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 280K, with most transactions falling within a stable range of RM 130K to RM 447K, and a typical market range of RM 220K to RM 340K.

Most transactions involved cluster house, with high diversity across multiple property types.

The median PSF stands at RM 357, with core pricing between RM 293 and RM 421. Market pricing typically extends from RM 291.00 to RM 423.00, reflecting moderate variation in unit pricing. The spread of RM 132.00 (IQR) and deviation of RM 64 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.