Southbay Plaza
Changkat Batu Maung 1, Kampung Batu Maung, 11960 Bayan Lepas, Pulau Pinang, Malaysia
Changkat Batu Maung 1, Kampung Batu Maung, 11960 Bayan Lepas, Pulau Pinang, Malaysia
Selling in Southbay Plaza? Homes here sold for a median of RM950,000.
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Southbay Plaza
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in 12
Does SOUTHBAY PLAZA rent out well?
Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
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Changkat Batu Maung 1, Kampung Batu Maung, 11960 Bayan Lepas, Pulau Pinang, Malaysia
MapsSouthbay Plaza in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM950K and a median price per square foot (PSF) of RM585.
This area contains both residential and commercial properties. View 3 residential properties or 4 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM950K, with most transactions falling within a stable range of RM600K to RM1.30 million, and a typical market range of RM863K to RM1.04 million.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
For price per square foot, the median is RM585, with most transactions between RM540 and RM630. The usual range is RM513.23 to RM656.73, showing that most units are priced quite close to each other. With an IQR of RM143.50 and MAD of RM45, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.