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 215K to RM 230K, and a typical market range of RM 200K to RM 230K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 396, with most transactions between RM 369 and RM 424. The usual range is RM 323.38 to RM 468.63, showing that most units are priced quite close to each other. With an IQR of RM 145.25 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.
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.
