Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

2021

Median Price

RM 892,000

PSF: RM 805

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Residential PSF Trends

Median Price

RM 892,000

PSF: RM 805

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 3 subsale transactions in 2021, priced between RM 750K and RM 2.00 million, with a median price of RM 892K and a median price per square foot (PSF) of RM 805.

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 892K, with most transactions falling within a stable range of RM 805K to RM 979K, and a typical market range of RM 780K to RM 994K.

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

For price per square foot, the median is RM 805, with most transactions between RM 769 and RM 841. The usual range is RM 711.79 to RM 898.54, showing that most units are priced quite close to each other. With an IQR of RM 186.75 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.

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THE LOFT @ SOUTHBAY CITY, Barat Daya, Penang

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