RENA PARK

RENA PARK in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 845K and a median price per square foot (PSF) of RM 506.

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 845K, with most transactions falling within a stable range of RM 753K to RM 845K, and a typical market range of RM 834K to RM 845K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 506, with core pricing between RM 436 and RM 576. Market pricing typically extends from RM 499.63 to RM 512.38, reflecting moderate variation in unit pricing. With an IQR of RM 12.75 and MAD of RM 70, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.