Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

2021

Median Price

RM 943,000

PSF: RM 783

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Residential PSF Trends

Median Price

RM 943,000

PSF: RM 783

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 943K and a median price per square foot (PSF) of RM 783.

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 943K, with most transactions falling within a stable range of RM 892K to RM 994K, and a typical market range of RM 892K to RM 994K.

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

For price per square foot, the median is RM 783, with most transactions between RM 740 and RM 825. The usual range is RM 689.13 to RM 875.88, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 43, 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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