EMERALD RESIDENCE

EMERALD RESIDENCE in Barat Daya, Penang recorded 81 subsale transactions in 2022, with a median price of RM 550K and a median price per square foot (PSF) of RM 489.

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 550K, with most transactions falling within a stable range of RM 518K to RM 582K, and a typical market range of RM 535K to RM 565K.

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

For price per square foot, the median is RM 489, with most transactions between RM 464 and RM 514. The usual range is RM 479.00 to RM 499.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 20.00 and an average deviation (MAD) of RM 25 indicate a highly stable PSF trend across properties.

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. Moderate transaction volume may require patience when buying or selling.