SUMMERTON-PRIMO HEIGHTS/SUMMER

SUMMERTON-PRIMO HEIGHTS/SUMMER in Barat Daya, Penang recorded 4 subsale transactions in 2023, with a median price of RM 795K and a median price per square foot (PSF) of RM 506.

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 795K, with most transactions falling within a stable range of RM 678K to RM 951K, and a typical market range of RM 683K to RM 908K.

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

The median PSF stands at RM 506, with core pricing between RM 430 and RM 582. Market pricing typically extends from RM 461.75 to RM 550.25, reflecting moderate variation in unit pricing. With an IQR of RM 88.50 and MAD of RM 76, 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.