SIERRA EAST

SIERRA EAST in Timur Laut, Penang recorded 19 subsale transactions in 2023, with a median price of RM 765K and a median price per square foot (PSF) of RM 565.

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 765K, with most transactions falling within a stable range of RM 622K to RM 827K, and a typical market range of RM 635K to RM 827K.

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

The median PSF stands at RM 565, with core pricing between RM 481 and RM 649. Market pricing typically extends from RM 494.00 to RM 636.00, reflecting moderate variation in unit pricing. With an IQR of RM 142.00 and MAD of RM 84, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.