SETIA PULAU MUTIARA in Barat Daya, Penang recorded 25 subsale transactions in 2022, with a median price of RM 890K and a median price per square foot (PSF) of RM 613.
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 890K, with most transactions falling within a stable range of RM 869K to RM 250K, and a typical market range of RM 261K to RM 250K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 613, with most transactions between RM 580 and RM 646. The usual range is RM 454.63 to RM 771.38, showing that most units are priced quite close to each other. With an IQR of RM 316.75 and MAD of RM 33, 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. Moderate transaction volume may require patience when buying or selling.
