Area Intelligence

SUNGAI PINANG RESIDENCE

3 properties
2023
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Median Price
RM 538,000
PSF: RM 353

Residential Market

Median Price

RM 538,000

IQR: RM 95
MAD: RM 6
RM 353 PSF 19.0%

PSF Trends (2021-2025)

SUNGAI PINANG RESIDENCE in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 538K and a median price per square foot (PSF) of RM 353.

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 538K, with most transactions falling within a stable range of RM 520K to RM 570K, and a typical market range of RM 520K to RM 560K.

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

The median PSF stands at RM 353, with core pricing between RM 294 and RM 412. Market pricing typically extends from RM 305.63 to RM 400.38, reflecting moderate variation in unit pricing. The spread of RM 94.75 (IQR) and deviation of RM 59 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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SUNGAI PINANG RESIDENCE, Barat Daya, Penang

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Transactions

3 properties grouped by size

1,450 sqft
2 units Double Storey Terraced
RM 538,000
JALAN PANTAI ACEH
1,475 sqft · RM 365.00 PSF
Jul 2023
RM 520,000
JALAN PANTAI ACEH
1,475 sqft · RM 353.00 PSF
Mar 2023
2,550 sqft
1 units Double Storey Terraced
RM 595,000
JALAN PANTAI ACEH
2,530 sqft · RM 235.00 PSF
Dec 2023