SOUTHBAY PLAZA

SOUTHBAY PLAZA in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 950K and a median price per square foot (PSF) of RM 585.

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. The median price is RM 950K, with most transactions falling within a stable range of RM 600K to RM 1.30 million, and a typical market range of RM 831K to RM 1.07 million.

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

For price per square foot, the median is RM 585, with most transactions between RM 540 and RM 630. The usual range is RM 539.50 to RM 630.50, showing that most units are priced quite close to each other. With an IQR of RM 91.00 and MAD of RM 45, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.