IDEAL HAUS @ ONE RESIDENCE

IDEAL HAUS @ ONE RESIDENCE in Barat Daya, Penang recorded 12 subsale transactions in 2022, with a median price of RM 700K and a median price per square foot (PSF) of RM 500.

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 700K, with most transactions falling within a stable range of RM 670K to RM 862K, and a typical market range of RM 686K to RM 714K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 500, with core pricing between RM 407 and RM 593. Market pricing typically extends from RM 495.50 to RM 504.50, reflecting moderate variation in unit pricing. The spread of RM 9.00 (IQR) and deviation of RM 93 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.