Meridien Residence in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM550K and a median price per square foot (PSF) of RM429.

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 RM550K, with most transactions falling within a stable range of RM540K to RM562K, and a typical market range of RM540K to RM570K.

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

For price per square foot, the median is RM429, with most transactions between RM407 and RM451. The usual range is RM413.78 to RM443.78, showing that most units are priced quite close to each other. A typical spread (IQR) of RM30.00 and an average deviation (MAD) of RM22 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.