Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

Median Price

RM 372,000

PSF: RM 691

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Residential PSF Trends

Median Price

RM 372,000

PSF: RM 691

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2025, priced between RM 300K and RM 500K and up to 1,000 sqft, with a median price of RM 372K and a median price per square foot (PSF) of RM 691.

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 372K, with most transactions falling within a stable range of RM 364K to RM 380K, and a typical market range of RM 364K to RM 380K.

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

For price per square foot, the median is RM 691, with most transactions between RM 676 and RM 706. The usual range is RM 597.82 to RM 784.57, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 15, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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THE LOFT @ SOUTHBAY CITY, Barat Daya, Penang

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