MUTIARA PERDANA II

MUTIARA PERDANA II in Barat Daya, Penang recorded 11 subsale transactions in 2023, with a median price of RM 200K and a median price per square foot (PSF) of RM 379.

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 200K, with most transactions falling within a stable range of RM 170K to RM 499K, and a typical market range of RM 188K to RM 212K.

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

The median PSF stands at RM 379, with core pricing between RM 316 and RM 442. Market pricing typically extends from RM 358.88 to RM 399.13, reflecting moderate variation in unit pricing. The spread of RM 40.25 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

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.