MELATI JAYA

MELATI JAYA in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 663K and a median price per square foot (PSF) of RM 454.

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 663K, with most transactions falling within a stable range of RM 560K to RM 765K, and a typical market range of RM 560K to RM 765K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 454, with core pricing between RM 400 and RM 508. Market pricing typically extends from RM 388.50 to RM 519.50, reflecting moderate variation in unit pricing. With an IQR of RM 131.00 and MAD of RM 54, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.