VISTA BAY

VISTA BAY in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2023, with a median price of RM 440K and a median price per square foot (PSF) of RM 302.

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 440K, with most transactions falling within a stable range of RM 380K to RM 533K, and a typical market range of RM 414K to RM 466K.

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

The median PSF stands at RM 302, with core pricing between RM 256 and RM 348. Market pricing typically extends from RM 277.50 to RM 326.50, reflecting moderate variation in unit pricing. The spread of RM 49.00 (IQR) and deviation of RM 46 (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. Limited transaction history suggests carefully evaluating comparable sales data.