Southbay Residence
Residence Southbay, 11960 Batu Maung, Penang, Malaysia
Residence Southbay, 11960 Batu Maung, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Southbay 7
|
RM 1,088,000
|
RM 396
|
2,745 sqft
|
|
|
|
Jalan Southbay 2
|
RM 1,100,000
|
RM 401
|
2,745 sqft
|
|
|
|
Jalan Southbay 2
|
RM 1,415,000
|
RM 516
|
2,745 sqft
|
|
|
|
Jalan Southbay 6
|
RM 1,315,000
|
RM 479
|
2,745 sqft
|
|
|
|
Jalan Southbay 2
|
RM 1,600,000
|
RM 583
|
2,745 sqft
|
|
|
|
Jalan Southbay 2
|
RM 1,090,000
|
RM 397
|
2,745 sqft
|
|
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Market Snapshot
ResidentialRM 1,100,000
RM 401 psfMedian transaction price
Southbay Residence, Residence Southbay, 11960 Batu Maung, Penang, Malaysia
MapsSouthbay 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 440.
This area contains both residential and commercial properties. View 31 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 990K to RM 1.20 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 440, though individual units vary from RM 321 to RM 559 in the core range. The broader market spans RM 374.05 to RM 505.80, indicating diverse property characteristics. A wider spread (IQR: RM 131.75) and deviation (MAD: RM 119) indicate significant PSF variations, likely due to diverse property types or conditions.
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.