Meridien Residence

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

Property Transactions

3 subsales grouped by size

Median
RM565,000
PSF
RM449
Price Size
Period
transactions middle 50% (P25–P75)
1,250 sqft
Condo
RM565,000
Level 24
1,259 sqft · RM449 PSF
RM600,000
Level 12
1,259 sqft · RM476 PSF
RM510,000
Level 19
1,259 sqft · RM405 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM565,000

RM449 psf

Median transaction price

Low

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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 3 subsale transactions in 2021, with a median price of RM565K and a median price per square foot (PSF) of RM449.

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 RM565K, with most transactions falling within a stable range of RM528K to RM600K, and a typical market range of RM538K to RM592K.

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

For price per square foot, the median is RM449, with most transactions between RM419 and RM478. The usual range is RM433.63 to RM463.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM30.00 and an average deviation (MAD) of RM29 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.