BUKIT GEDONG in Barat Daya, Penang recorded 3 subsale transactions in 2021, with a median price of RM 230K and a median price per square foot (PSF) of RM 396.
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 230K, with most transactions falling within a stable range of RM 170K to RM 290K, and a typical market range of RM 174K to RM 286K.
Most transactions involved cluster house, with high diversity across multiple property types.
The median PSF stands at RM 396, with core pricing between RM 331 and RM 462. Market pricing typically extends from RM 323.38 to RM 468.63, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
