KONDO LEMBAH INDAH (ROYALE INFINITY)

KONDO LEMBAH INDAH (ROYALE INFINITY) in Seberang Perai Tengah, Penang recorded 11 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 305.

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 380K, with most transactions falling within a stable range of RM 293K to RM 467K, and a typical market range of RM 319K to RM 442K.

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

The median PSF stands at RM 305, with core pricing between RM 254 and RM 356. Market pricing typically extends from RM 244.50 to RM 365.50, reflecting moderate variation in unit pricing. The spread of RM 121.00 (IQR) and deviation of RM 51 (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.