Olive Tree Residences

70, Persiaran Mahsuri 2, Bandar Sunway Tunas, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM 757,500
PSF
RM 462
Price Size
1,600 sqft
Condo
RM 732,000
Level 12
1,617 sqft · RM 453 PSF
RM 775,000
Level 8
1,617 sqft · RM 479 PSF
RM 760,000
Level 16
1,617 sqft · RM 470 PSF
RM 755,000
Level 14
1,594 sqft · RM 474 PSF
RM 715,000
Level 13
1,594 sqft · RM 449 PSF
1,700 sqft
Condo
RM 778,000
Level 21
1,712 sqft · RM 454 PSF
Legend Recent Highest Price Highest PSF
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Market Snapshot

Residential

RM 757,500

RM 462 psf

Median transaction price

Average

Rental Yield Data

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Olive Tree Residences
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70, Persiaran Mahsuri 2, Bandar Sunway Tunas, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Olive Tree Residences in Barat Daya, Penang recorded 6 subsale transactions in 2022, with a median price of RM 758K and a median price per square foot (PSF) of RM 462.

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 758K, with most transactions falling within a stable range of RM 735K to RM 778K, and a typical market range of RM 731K to RM 778K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 462, with most transactions between RM 451 and RM 474. The usual range is RM 441.23 to RM 483.23, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.00 and an average deviation (MAD) of RM 12 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.