SIERRA RESIDENCES

SIERRA RESIDENCES in Barat Daya, Penang recorded 9 subsale transactions in 2023, with a median price of RM 480K and a median price per square foot (PSF) of RM 459.

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 480K, with most transactions falling within a stable range of RM 445K to RM 515K, and a typical market range of RM 452K to RM 509K.

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

The median PSF stands at RM 459, with core pricing between RM 402 and RM 516. Market pricing typically extends from RM 424.13 to RM 493.88, reflecting moderate variation in unit pricing. With an IQR of RM 69.75 and MAD of RM 57, 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.