FAIRVIEW RESIDENCE Transaction Price & PSF

This targeted market snapshot focuses on the residential segment for FAIRVIEW RESIDENCE in Barat Daya, Pulau Pinang, examining transactions within the Condominium/Apartment category to help readers understand how the sector is moving within this scheme.

Market overview

The processed market profile indicates a clear submarket focus in Barat Daya and within the FAIRVIEW RESIDENCE scheme, with activity concentrated in the Condominium/Apartment category. Yearly patterns show fluctuations in transaction activity over time, suggesting shifting demand within the residential segment. The price distribution points to a central tendency for this category while reflecting variation across properties. Readers should note that different property categories should be compared separately to avoid mixing benchmarks across segments. The dominant submarket and scheme identified in this dataset help frame where most activity is occurring within the broader Pulau Pinang residential market.

Property type benchmarks

The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.

How to interpret this market

Transaction benchmarks provide a reference point for understanding market context within the FAIRVIEW RESIDENCE scheme and the Condominium/Apartment category. However, an individual property may differ in location, condition and other attributes not captured by benchmarks. When evaluating offers, readers should compare like properties within the same scheme and district and consider how the benchmark context aligns with the specifics of the property under consideration.

Explore the underlying market

View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.

Frequently asked questions

Summary

This snapshot reinforces the value of comparing property types separately and using transaction benchmarks as context for assessment. Readers are encouraged to reference the Condominium/Apartment category within this scheme when evaluating market position, while acknowledging that outcomes will vary by property-specific factors.

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Methodology

Median transaction price for the selected market scope.

Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.

Unavailable measurements are not estimated or inferred.

Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.