VERTU RESORT

Area Intelligence

2023

Median Price

RM 443,000

PSF: RM 588

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Residential PSF Trends

Median Price

RM 443,000

PSF: RM 588

VERTU RESORT in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 443K and a median price per square foot (PSF) of RM 588.

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 443K, with most transactions falling within a stable range of RM 430K to RM 566K, and a typical market range of RM 430K to RM 505K.

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

Price per square foot shows a median of RM 588, though individual units vary from RM 417 to RM 760 in the core range. The broader market spans RM 544.63 to RM 631.38, indicating diverse property characteristics. A wider spread (IQR: RM 86.75) and deviation (MAD: RM 172) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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VERTU RESORT, Seberang Perai Selatan, Penang

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