UTROPOLIS UTAMA in Seberang Perai Selatan, Penang recorded 9 subsale transactions in 2022, with a median price of RM 340K and a median price per square foot (PSF) of RM 596.
This area contains both residential and commercial properties. View 25 residential properties or 10 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 340K, with most transactions falling within a stable range of RM 248K to RM 432K, and a typical market range of RM 242K to RM 438K.
Most transactions involved service apartment, with moderate diversity in property types available.
For price per square foot, the median is RM 596, with most transactions between RM 558 and RM 634. The usual range is RM 556.75 to RM 635.25, showing that most units are priced quite close to each other. With an IQR of RM 78.50 and MAD of RM 38, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
