Penang
Barat Daya
12
DIAMOND VALLEY

DIAMOND VALLEY

Area Intelligence

2024

Median Price

RM 1,594,500

PSF: RM 1,031

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Commercial PSF Trends

Median Price

RM 1,594,500

RM 1,031 PSF

DIAMOND VALLEY in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM 1.59 million and a median price per square foot (PSF) of RM 1,031.

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 1.59 million, with most transactions falling within a stable range of RM 975K to RM 2.21 million, and a typical market range of RM 1.33 million to RM 1.86 million.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 1,031, with most transactions between RM 974 and RM 1,088. The usual range is RM 965.25 to RM 1,096.75, showing that most units are priced quite close to each other. With an IQR of RM 131.50 and MAD of RM 57, 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.

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DIAMOND VALLEY, Barat Daya, Penang

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