DIAMOND VALLEY in Barat Daya, Penang recorded 8 subsale transactions in 2023, with a median price of RM 2.48 million and a median price per square foot (PSF) of RM 1,069.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.48 million, with most transactions falling within a stable range of RM 2.20 million to RM 3.29 million, and a typical market range of RM 2.21 million to RM 2.74 million.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
Price per square foot shows a median of RM 1,069, though individual units vary from RM 835 to RM 1,302 in the core range. The broader market spans RM 1,002.75 to RM 1,134.25, indicating diverse property characteristics. The spread of RM 131.50 (IQR) and deviation of RM 234 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
