KRISTAL POINT

KRISTAL POINT in Barat Daya, Penang recorded 8 subsale transactions in 2023, with a median price of RM 865K and a median price per square foot (PSF) of RM 465.

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 865K, with most transactions falling within a stable range of RM 532K to RM 1.20 million, and a typical market range of RM 633K to RM 1.10 million.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 465, though individual units vary from RM 68 to RM 861 in the core range. The broader market spans RM 380.50 to RM 548.50, indicating diverse property characteristics. A wider spread (IQR: RM 168.00) and deviation (MAD: RM 396) indicate significant PSF variations, likely due to diverse property types or conditions.

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.