VERTU RESORT

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 483K to RM 618K, and a typical market range of RM 488K to RM 612K.

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

For price per square foot, the median is RM 510, with most transactions between RM 466 and RM 553. The usual range is RM 466.13 to RM 552.88, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 44, 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.