SOUTHBAY RESIDENCE

SOUTHBAY RESIDENCE in Barat Daya, Penang recorded 13 subsale transactions in 2022, with a median price of RM 1.25 million and a median price per square foot (PSF) of RM 724.

This area contains both residential and commercial properties. View 29 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.25 million, with most transactions falling within a stable range of RM 848K to RM 1.65 million, and a typical market range of RM 1.13 million to RM 1.38 million.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 724, though individual units vary from RM 564 to RM 884 in the core range. The broader market spans RM 655.50 to RM 792.50, indicating diverse property characteristics. The spread of RM 137.00 (IQR) and deviation of RM 160 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.