THE ONE - TERRACE PLUS

THE ONE - TERRACE PLUS in Barat Daya, Penang recorded 4 subsale transactions in 2022, with a median price of RM 590K and a median price per square foot (PSF) of RM 623.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 590K, with most transactions falling within a stable range of RM 455K to RM 725K, and a typical market range of RM 470K to RM 710K.

Most transactions involved office lot, though some variety exists in the market.

Price per square foot shows a median of RM 623, though individual units vary from RM 439 to RM 806 in the core range. The broader market spans RM 480.63 to RM 764.38, indicating diverse property characteristics. A wider spread (IQR: RM 283.75) and deviation (MAD: RM 183) indicate significant PSF variations, likely due to diverse property types or conditions.

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.