RAMAH PAVILION

RAMAH PAVILION in Barat Daya, Penang recorded 9 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 372.

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 RM 420K, with most transactions falling within a stable range of RM 347K to RM 493K, and a typical market range of RM 375K to RM 465K.

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

The median PSF stands at RM 372, with core pricing between RM 328 and RM 416. Market pricing typically extends from RM 336.75 to RM 407.25, reflecting moderate variation in unit pricing. With an IQR of RM 70.50 and MAD of RM 44, 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.