Muze @ Picc

8, Persiaran Mahsuri, Sungai Nibong Kecil, 11950 Bayan Lepas, Pulau Pinang, Malaysia

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Market Snapshot

Residential

RM998,000

RM893 psf

Median transaction price

Low

Does MUZE @ PICC rent out well?

Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Muze @ Picc
© OpenStreetMap · CARTO

8, Persiaran Mahsuri, Sungai Nibong Kecil, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Muze @ Picc in Barat Daya, Penang recorded 0 subsale transactions in 2021, with a median price of RM998K and a median price per square foot (PSF) of RM893.

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 RM998K, with most transactions falling within a stable range of RM888K to RM1.11 million, and a typical market range of RM909K to RM1.09 million.

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

The median PSF stands at RM893, with core pricing between RM800 and RM986. Market pricing typically extends from RM787.25 to RM998.75, reflecting moderate variation in unit pricing. With an IQR of RM211.50 and MAD of RM93, 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. 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.