Penang
Barat Daya
12
MELATI JAYA

MELATI JAYA

Area Intelligence

2023

Median Price

RM 662,500

PSF: RM 454

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Residential PSF Trends

Median Price

RM 662,500

PSF: RM 454

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.

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

For price per square foot, the median is RM 454, with most transactions between RM 454 and RM 454. The usual range is RM 388.50 to RM 519.50, showing that most units are priced quite close to each other. With an IQR of RM 131.00 and MAD of RM 0, 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.

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MELATI JAYA, Barat Daya, Penang

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