THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 4 subsale transactions in 2021, with a median price of RM 836K and a median price per square foot (PSF) of RM 815.

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 836K, with most transactions falling within a stable range of RM 718K to RM 954K, and a typical market range of RM 681K to RM 994K.

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

For price per square foot, the median is RM 815, with most transactions between RM 776 and RM 854. The usual range is RM 721.63 to RM 908.38, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 39, 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.