THE LOFT @ SOUTHBAY CITY
Residential Market
Median Price
RM 530,000
PSF Trends (2021-2025)
THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 3 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 631.
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 530K, with most transactions falling within a stable range of RM 530K to RM 940K, and a typical market range of RM 530K to RM 697K.
Most transactions involved service apartment, with minimal variety in property types.
The median PSF stands at RM 631, with core pricing between RM 512 and RM 750. Market pricing typically extends from RM 537.63 to RM 724.38, reflecting moderate variation in unit pricing. The spread of RM 186.75 (IQR) and deviation of RM 119 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
3 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 530,000
|
RM 631.00
|
840 sqft
|
Oct 2022
|
|
RM 530,000
|
RM 600.00
|
883 sqft
|
Oct 2022
|
|
RM 1,400,000
|
RM 867.00
|
1,615 sqft
|
Jun 2022
|