RESIDENSI VILLA MUTIARA

RESIDENSI VILLA MUTIARA in Seberang Perai Selatan, Penang recorded 20 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 312.

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 500K, with most transactions falling within a stable range of RM 417K to RM 621K, and a typical market range of RM 434K to RM 566K.

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

The median PSF stands at RM 312, with core pricing between RM 249 and RM 374. Market pricing typically extends from RM 255.75 to RM 367.25, reflecting moderate variation in unit pricing. The spread of RM 111.50 (IQR) and deviation of RM 62 (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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.