THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 731K and a median price per square foot (PSF) of RM 825.

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 731K, with most transactions falling within a stable range of RM 568K to RM 893K, and a typical market range of RM 563K to RM 898K.

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

The median PSF stands at RM 825, with core pricing between RM 722 and RM 927. Market pricing typically extends from RM 731.13 to RM 917.88, reflecting moderate variation in unit pricing. With an IQR of RM 186.75 and MAD of RM 103, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.