IDAMAN LAVENDER 3

IDAMAN LAVENDER 3 in Barat Daya, Penang recorded 13 subsale transactions in 2023, with a median price of RM 340K and a median price per square foot (PSF) of RM 451.

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 340K, with most transactions falling within a stable range of RM 304K to RM 376K, and a typical market range of RM 323K to RM 358K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 451, with core pricing between RM 403 and RM 499. Market pricing typically extends from RM 427.50 to RM 474.50, reflecting moderate variation in unit pricing. With an IQR of RM 47.00 and MAD of RM 48, 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.