SOUTHBAY RESIDENCE

SOUTHBAY RESIDENCE in Barat Daya, Penang recorded 8 subsale transactions in 2024, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 661.

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 1.10 million, with most transactions falling within a stable range of RM 646K to RM 1.54 million, and a typical market range of RM 970K to RM 1.22 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 661, though individual units vary from RM 498 to RM 824 in the core range. The broader market spans RM 592.50 to RM 729.50, indicating diverse property characteristics. The spread of RM 137.00 (IQR) and deviation of RM 163 (MAD) suggest moderate price variations reflecting different property features.

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.