SIERRA EAST

SIERRA EAST in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 690K and a median price per square foot (PSF) of RM 516.

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 690K, with most transactions falling within a stable range of RM 650K to RM 731K, and a typical market range of RM 560K to RM 820K.

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

For price per square foot, the median is RM 516, with most transactions between RM 487 and RM 546. The usual range is RM 444.38 to RM 587.63, showing that most units are priced quite close to each other. With an IQR of RM 143.25 and MAD of RM 30, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.