SUMMERTON-PRIMO HEIGHTS/SUMMER

SUMMERTON-PRIMO HEIGHTS/SUMMER in Barat Daya, Penang recorded 9 subsale transactions in 2022, with a median price of RM 825K and a median price per square foot (PSF) of RM 455.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 825K, with most transactions falling within a stable range of RM 737K to RM 913K, and a typical market range of RM 713K to RM 938K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 455, with most transactions between RM 419 and RM 491. The usual range is RM 410.75 to RM 499.25, showing that most units are priced quite close to each other. With an IQR of RM 88.50 and MAD of RM 36, 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. Limited transaction history suggests carefully evaluating comparable sales data.