I-Park

Southwest District, Penang, Malaysia

Property Transactions

7 subsales grouped by size

Median
RM240,000
PSF
RM360
Price Size
Period
transactions middle 50% (P25–P75)
650 sqft
LC Flat
RM240,000
Level 2
667 sqft · RM360 PSF
RM250,000
Level 8
667 sqft · RM375 PSF
RM240,000
Level 3
667 sqft · RM360 PSF
RM250,000
Level 3
667 sqft · RM375 PSF
RM208,000
Level 10
667 sqft · RM312 PSF
RM198,000
Level 13
667 sqft · RM297 PSF
RM260,000
Level 8
667 sqft · RM390 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM240,000

RM360 psf

Median transaction price

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Southwest District, Penang, Malaysia

Maps

I-Park in Barat Daya, Penang recorded 7 subsale transactions in 2021, with a median price of RM240K and a median price per square foot (PSF) of RM360.

This area contains both residential and commercial properties. View 67 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM240K, with most transactions falling within a stable range of RM219K to RM260K, and a typical market range of RM215K to RM260K.

Most transactions involved low-cost flat, with minimal variety in property types.

For price per square foot, the median is RM360, with most transactions between RM327 and RM392. The usual range is RM322.13 to RM397.13, showing that most units are priced quite close to each other. With an IQR of RM75.00 and MAD of RM32, 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.