PENHILL PERDANA CONDOMINIUM

PENHILL PERDANA CONDOMINIUM in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 555K and a median price per square foot (PSF) of RM 492.

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 555K, with most transactions falling within a stable range of RM 498K to RM 1.18 million, and a typical market range of RM 513K to RM 598K.

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

For price per square foot, the median is RM 492, with most transactions between RM 464 and RM 520. The usual range is RM 478.50 to RM 505.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 27.00 and an average deviation (MAD) of RM 28 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.