Penang
Barat Daya
12
SETIA PULAU MUTIARA

SETIA PULAU MUTIARA

Area Intelligence

2023

Median Price

RM 1,000,000

PSF: RM 700

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Residential PSF Trends

Median Price

RM 1,000,000

PSF: RM 700

SETIA PULAU MUTIARA in Barat Daya, Penang recorded 17 subsale transactions in 2023, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 700.

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 1.00 million, with most transactions falling within a stable range of RM 978K to RM 278K, and a typical market range of RM 371K to RM 278K.

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 700, with most transactions between RM 666 and RM 734. The usual range is RM 541.63 to RM 858.38, showing that most units are priced quite close to each other. With an IQR of RM 316.75 and MAD of RM 34, 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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