SOUTHBAY RESIDENCE

SOUTHBAY RESIDENCE in Barat Daya, Penang recorded 26 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 1.23 million and a median price per square foot (PSF) of RM 697.

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 1.23 million, with most transactions falling within a stable range of RM 1.09 million to RM 1.45 million, and a typical market range of RM 1.10 million to RM 1.35 million.

Within the Double Storey Terraced category, 2 - 2 1/2 storey terraced dominated the market, though some variety exists in the market.

The median PSF stands at RM 697, with core pricing between RM 596 and RM 798. Market pricing typically extends from RM 628.50 to RM 765.50, reflecting moderate variation in unit pricing. With an IQR of RM 137.00 and MAD of RM 101, the PSF demonstrates reasonable consistency across the market.

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. Moderate transaction volume may require patience when buying or selling.