Meridien Residence

Tingkat Kelicap, Mutiara Perdana, 11900 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

14 subsales grouped by size

Median
RM557,500
PSF
RM437
Period
transactions middle 50% (P25–P75)
1,250 sqft
Condo
RM550,000
Level 14
1,259 sqft · RM437 PSF
RM540,000
Level 11
1,259 sqft · RM429 PSF
RM570,000
Level 25
1,259 sqft · RM453 PSF
RM650,000
Level 10
1,259 sqft · RM516 PSF
RM535,000
Level 11
1,259 sqft · RM425 PSF
RM575,000
Level 14
1,259 sqft · RM457 PSF
+6 more
1,400 sqft
Condo
RM600,000
Level 18
1,378 sqft · RM435 PSF
RM550,000
Level 15
1,378 sqft · RM399 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM557,500

RM436 psf

Median transaction price

Low

Does MERIDIEN RESIDENCE rent out well?

Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Meridien Residence
© OpenStreetMap · CARTO

Tingkat Kelicap, Mutiara Perdana, 11900 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Meridien Residence in Barat Daya, Penang recorded 14 subsale transactions between 2021 and 2026, with a median price of RM558K and a median price per square foot (PSF) of RM437.

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 RM558K, with most transactions falling within a stable range of RM538K to RM578K, and a typical market range of RM531K to RM584K.

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

For price per square foot, the median is RM437, with most transactions between RM418 and RM456. The usual range is RM421.72 to RM451.72, showing that most units are priced quite close to each other. A typical spread (IQR) of RM30.00 and an average deviation (MAD) of RM19 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. Limited transaction history suggests carefully evaluating comparable sales data.