SRI SAYANG

Area Intelligence

2023

Median Price

RM 380,000

PSF: RM 458

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Residential PSF Trends

Median Price

RM 380,000

PSF: RM 458

SRI SAYANG in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 458.

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 290K to RM 470K, and a typical market range of RM 299K to RM 461K.

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

For price per square foot, the median is RM 458, with most transactions between RM 437 and RM 479. The usual range is RM 441.25 to RM 474.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 33.50 and an average deviation (MAD) of RM 21 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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SRI SAYANG, Timur Laut, Penang

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