Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

2024

Median Price

RM 777,500

PSF: RM 530

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Residential PSF Trends

Median Price

RM 777,500

PSF: RM 530

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 778K 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. The median price is RM 778K, with most transactions falling within a stable range of RM 700K to RM 855K, and a typical market range of RM 700K to RM 855K.

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 529 and RM 530. The usual range is RM 436.13 to RM 622.88, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 1, 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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