SETIA SKY VISTA in Barat Daya, Penang recorded 4 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 545.
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 565K, with most transactions falling within a stable range of RM 439K to RM 691K, and a typical market range of RM 431K to RM 699K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 545, though individual units vary from RM 433 to RM 657 in the core range. The broader market spans RM 410.25 to RM 678.75, indicating diverse property characteristics. The spread of RM 268.50 (IQR) and deviation of RM 112 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
