SIERRA EAST

SIERRA EAST in Timur Laut, Penang recorded 19 subsale transactions in 2023, with a median price of RM 765K and a median price per square foot (PSF) of RM 565.

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 765K, with most transactions falling within a stable range of RM 725K to RM 806K, and a typical market range of RM 635K to RM 895K.

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

For price per square foot, the median is RM 565, with most transactions between RM 536 and RM 595. The usual range is RM 493.38 to RM 636.63, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.