VERTU RESORT

VERTU RESORT in Seberang Perai Selatan, Penang recorded 96 subsale transactions in 2022, with a median price of RM 614K and a median price per square foot (PSF) of RM 555.

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 614K, with most transactions falling within a stable range of RM 532K to RM 696K, and a typical market range of RM 552K to RM 676K.

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

The median PSF stands at RM 555, with core pricing between RM 465 and RM 645. Market pricing typically extends from RM 511.63 to RM 598.38, reflecting moderate variation in unit pricing. The spread of RM 86.75 (IQR) and deviation of RM 90 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.