Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

2024

Median Price

RM 855,000

PSF: RM 530

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Residential PSF Trends

Median Price

RM 855,000

PSF: RM 530

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 1 subsale transactions in 2024, priced between RM 750K and RM 1.00 million, with a median price of RM 855K and a median price per square foot (PSF) of RM 530.

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

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 530, with most transactions between RM 530 and RM 530. The usual range is RM 436.17 to RM 622.93, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 0, 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.

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THE LOFT @ SOUTHBAY CITY, Barat Daya, Penang

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