The Loft @ Southbay City
11960 Batu Maung, Penang, Malaysia
11960 Batu Maung, Penang, Malaysia
| LIST.MY · The Loft @ Southbay City | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2023 | |||||
|
Level 21
|
RM380,000
|
RM706
|
538 sqft
|
|
Serviced Apt |
|
Level 7
|
RM550,000
|
RM681
|
807 sqft
|
|
Serviced Apt |
|
Level 10
|
RM364,000
|
RM676
|
538 sqft
|
|
Serviced Apt |
Selling in The Loft @ Southbay City? Homes here sold for a median of RM380,000.
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The Loft @ Southbay City
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
11960 Batu Maung, Penang, Malaysia
MapsThe Loft @ Southbay City in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM380K and a median price per square foot (PSF) of RM681.
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 RM380K, with most transactions falling within a stable range of RM364K to RM464K, and a typical market range of RM364K to RM547K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM681, with most transactions between RM668 and RM694. The usual range is RM587.92 to RM774.67, showing that most units are priced quite close to each other. With an IQR of RM186.75 and MAD of RM13, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.