RESIDENSI VILLA MUTIARA

RESIDENSI VILLA MUTIARA in Seberang Perai Selatan, Penang recorded 17 subsale transactions in 2023, with a median price of RM 560K and a median price per square foot (PSF) of RM 356.

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 560K, with most transactions falling within a stable range of RM 471K to RM 649K, and a typical market range of RM 494K to RM 626K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 356, with core pricing between RM 296 and RM 416. Market pricing typically extends from RM 300.25 to RM 411.75, reflecting moderate variation in unit pricing. The spread of RM 111.50 (IQR) and deviation of RM 60 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.