THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 681.

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 380K, with most transactions falling within a stable range of RM 364K to RM 464K, and a typical market range of RM 364K to RM 547K.

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

For price per square foot, the median is RM 681, with most transactions between RM 668 and RM 694. The usual range is RM 587.63 to RM 774.38, showing that most units are priced quite close to each other. With an IQR of RM 186.75 and MAD of RM 13, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.