KENARI AVENUE

KENARI AVENUE in Barat Daya, Penang recorded 2 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 775K and a median price per square foot (PSF) of RM 567.

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 775K, with most transactions falling within a stable range of RM 680K to RM 870K, and a typical market range of RM 680K to RM 870K.

Within the Office Lot category, office lot dominated the market, though some variety exists in the market.

The median PSF stands at RM 567, with core pricing between RM 497 and RM 636. Market pricing typically extends from RM 486.25 to RM 646.75, reflecting moderate variation in unit pricing. With an IQR of RM 160.50 and MAD of RM 70, the PSF demonstrates reasonable consistency across the market.

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.