Ramah Pavilion
3, Jalan Teluk Kumbar, 11950 Bayan Lepas, Pulau Pinang, Malaysia
3, Jalan Teluk Kumbar, 11950 Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 12
|
RM 460,000
|
RM 368
|
1,249 sqft
|
|
Condo |
| 2023 | |||||
|
Level 6
|
RM 560,000
|
RM 448
|
1,249 sqft
|
|
Condo |
|
Level 38
|
RM 488,000
|
RM 391
|
1,249 sqft
|
|
Condo |
| 2022 | |||||
|
Level 15
|
RM 420,000
|
RM 336
|
1,249 sqft
|
|
Condo |
|
Level 36
|
RM 460,000
|
RM 368
|
1,249 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 460,000
RM 368 psfMedian transaction price
3, Jalan Teluk Kumbar, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsRamah Pavilion in Barat Daya, Penang recorded 5 subsale transactions between 2021 and 2026, sized between 1,225 and 1,274 sqft, with a median price of RM 460K and a median price per square foot (PSF) of RM 368.
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 460K, with most transactions falling within a stable range of RM 420K to RM 507K, and a typical market range of RM 420K to RM 505K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 368, with core pricing between RM 331 and RM 406. Market pricing typically extends from RM 334.91 to RM 401.91, reflecting moderate variation in unit pricing. With an IQR of RM 67.00 and MAD of RM 37, 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.