SOUTHBAY RESIDENCE

SOUTHBAY RESIDENCE in Barat Daya, Penang recorded 9 subsale transactions in 2023, with a median price of RM 1.18 million and a median price per square foot (PSF) of RM 682.

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 1.18 million, with most transactions falling within a stable range of RM 788K to RM 1.57 million, and a typical market range of RM 1.06 million to RM 1.31 million.

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

The median PSF stands at RM 682, with core pricing between RM 556 and RM 808. Market pricing typically extends from RM 613.50 to RM 750.50, reflecting moderate variation in unit pricing. The spread of RM 137.00 (IQR) and deviation of RM 126 (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.