SUNGAI PINANG RESIDENCE

SUNGAI PINANG RESIDENCE in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 626K and a median price per square foot (PSF) of RM 217.

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 626K, with most transactions falling within a stable range of RM 625K to RM 627K, and a typical market range of RM 625K to RM 627K.

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

The median PSF stands at RM 217, with core pricing between RM 187 and RM 247. Market pricing typically extends from RM 169.63 to RM 264.38, reflecting moderate variation in unit pricing. With an IQR of RM 94.75 and MAD of RM 30, 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.