Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

2021

Median Price

RM 730,500

PSF: RM 825

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Residential PSF Trends

Median Price

RM 730,500

PSF: RM 825

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 681K to RM 780K, and a typical market range of RM 681K to RM 780K.

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

For price per square foot, the median is RM 825, with most transactions between RM 805 and RM 844. The usual range is RM 731.13 to RM 917.88, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 20, 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.

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THE LOFT @ SOUTHBAY CITY, Barat Daya, Penang

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