SOUTHBAY PLAZA

SOUTHBAY PLAZA in Barat Daya, Penang recorded 1 subsale transactions in 2023, with a median price of RM 405K and a median price per square foot (PSF) of RM 320.

This area contains both residential and commercial properties. View 2 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved condominium/apartment, with moderate diversity in property types available.

For price per square foot, the median is RM 320, with most transactions between RM 320 and RM 320. The usual range is RM 274.50 to RM 365.50, showing that most units are priced quite close to each other. With an IQR of RM 91.00 and MAD of RM 0, 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.