ORCHARDIA

ORCHARDIA in Barat Daya, Penang recorded 6 subsale transactions in 2023, with a median price of RM 725K and a median price per square foot (PSF) of RM 477.

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 725K, with most transactions falling within a stable range of RM 649K to RM 800K, and a typical market range of RM 666K to RM 784K.

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

For price per square foot, the median is RM 477, with most transactions between RM 437 and RM 517. The usual range is RM 448.25 to RM 505.75, showing that most units are priced quite close to each other. With an IQR of RM 57.50 and MAD of RM 40, 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.