FAIRVIEW RESIDENCE

FAIRVIEW RESIDENCE in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 434K and a median price per square foot (PSF) of RM 568.

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 434K, with most transactions falling within a stable range of RM 348K to RM 520K, and a typical market range of RM 424K to RM 444K.

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

The median PSF stands at RM 568, with core pricing between RM 494 and RM 642. Market pricing typically extends from RM 535.00 to RM 601.00, reflecting moderate variation in unit pricing. With an IQR of RM 66.00 and MAD of RM 74, 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.