SIERRA RESIDENCES

SIERRA RESIDENCES in Barat Daya, Penang recorded 5 subsale transactions in 2021, with a median price of RM 425K and a median price per square foot (PSF) of RM 504.

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 425K, with most transactions falling within a stable range of RM 408K to RM 442K, and a typical market range of RM 400K to RM 450K.

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

For price per square foot, the median is RM 504, with most transactions between RM 464 and RM 544. The usual range is RM 469.13 to RM 538.88, showing that most units are priced quite close to each other. With an IQR of RM 69.75 and MAD of RM 40, 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.