Melati Jaya in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM1.48 million and a median price per square foot (PSF) of RM885.

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 RM1.48 million, with most transactions falling within a stable range of RM765K to RM2.20 million, and a typical market range of RM1.23 million to RM1.73 million.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM885, though individual units vary from RM508 to RM1,262 in the core range. The broader market spans RM819.15 to RM950.15, indicating diverse property characteristics. A wider spread (IQR: RM131.00) and deviation (MAD: RM377) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.