VERTU RESORT

Area Intelligence

2023

Median Price

RM 550,000

PSF: RM 510

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Residential PSF Trends

Median Price

RM 550,000

PSF: RM 510

VERTU RESORT in Seberang Perai Selatan, Penang recorded 64 subsale transactions in 2023, with a median price of RM 550K and a median price per square foot (PSF) of RM 510.

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 550K, with most transactions falling within a stable range of RM 762K to RM 569K, and a typical market range of RM 762K to RM 612K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 510, with core pricing between RM 426 and RM 593. Market pricing typically extends from RM 466.13 to RM 552.88, reflecting moderate variation in unit pricing. The spread of RM 86.75 (IQR) and deviation of RM 83 (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. Moderate transaction volume may require patience when buying or selling.

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VERTU RESORT, Seberang Perai Selatan, Penang

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