RAMAH PAVILION

RAMAH PAVILION in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 397K and a median price per square foot (PSF) of RM 391.

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 397K, with most transactions falling within a stable range of RM 338K to RM 455K, and a typical market range of RM 352K to RM 442K.

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

The median PSF stands at RM 391, with core pricing between RM 345 and RM 437. Market pricing typically extends from RM 355.75 to RM 426.25, reflecting moderate variation in unit pricing. With an IQR of RM 70.50 and MAD of RM 46, 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.