SETIA PULAU MUTIARA in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 250K and a median price per square foot (PSF) of RM 387.
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 250K, with most transactions falling within a stable range of RM -441,000 to RM 941K, and a typical market range of RM -378,750 to RM 879K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 387, though individual units vary from RM 223 to RM 552 in the core range. The broader market spans RM 228.63 to RM 545.38, indicating diverse property characteristics. A wider spread (IQR: RM 316.75) and deviation (MAD: RM 165) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
