Penang
Barat Daya
12
BUKIT GEDONG

BUKIT GEDONG

Area Intelligence

2023

Median Price

RM 310,000

PSF: RM 427

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Residential PSF Trends

Median Price

RM 310,000

PSF: RM 427

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 160K to RM 523K, and a typical market range of RM 254K to RM 366K.

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

Price per square foot shows a median of RM 427, though individual units vary from RM 335 to RM 519 in the core range. The broader market spans RM 354.38 to RM 499.63, indicating diverse property characteristics. The spread of RM 145.25 (IQR) and deviation of RM 92 (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.

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BUKIT GEDONG, Barat Daya, Penang

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