Penang
Barat Daya
12
SETIA PULAU MUTIARA

SETIA PULAU MUTIARA

Area Intelligence

2024

Median Price

RM 975,000

PSF: RM 614

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Residential PSF Trends

Median Price

RM 975,000

PSF: RM 614

SETIA PULAU MUTIARA in Barat Daya, Penang recorded 10 subsale transactions in 2024, with a median price of RM 975K and a median price per square foot (PSF) of RM 614.

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 975K, with most transactions falling within a stable range of RM 915K to RM 990K, and a typical market range of RM 850K to RM 990K.

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 614, with most transactions between RM 571 and RM 657. The usual range is RM 455.63 to RM 772.38, showing that most units are priced quite close to each other. With an IQR of RM 316.75 and MAD of RM 43, 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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SETIA PULAU MUTIARA, Barat Daya, Penang

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