SUNWAY BAYAN

SUNWAY BAYAN in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 980K and a median price per square foot (PSF) of RM 767.

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 980K, with most transactions falling within a stable range of RM 923K to RM 1.04 million, and a typical market range of RM 894K to RM 1.07 million.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 767, with most transactions between RM 720 and RM 815. The usual range is RM 724.00 to RM 810.00, showing that most units are priced quite close to each other. With an IQR of RM 86.00 and MAD of RM 48, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.