MUTIARA PERDANA II

MUTIARA PERDANA II in Barat Daya, Penang recorded 10 subsale transactions in 2022, with a median price of RM 185K and a median price per square foot (PSF) of RM 351.

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 185K, with most transactions falling within a stable range of RM 170K to RM 506K, and a typical market range of RM 173K to RM 197K.

Most transactions involved low-cost flat, though some variety exists in the market.

For price per square foot, the median is RM 351, with most transactions between RM 316 and RM 385. The usual range is RM 330.38 to RM 370.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.25 and an average deviation (MAD) of RM 35 indicate a highly stable PSF trend across properties.

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.