ECO HORIZON (FASA1)

ECO HORIZON (FASA1) in Seberang Perai Selatan, Penang recorded 32 subsale transactions in 2023, with a median price of RM 974K and a median price per square foot (PSF) of RM 558.

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 974K, with most transactions falling within a stable range of RM 923K to RM 1.00 million, and a typical market range of RM 874K to RM 1.00 million.

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

For price per square foot, the median is RM 558, with most transactions between RM 529 and RM 586. The usual range is RM 523.75 to RM 591.25, showing that most units are priced quite close to each other. With an IQR of RM 67.50 and MAD of RM 29, 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. Moderate transaction volume may require patience when buying or selling.