DESA MARINA

DESA MARINA in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 130K and a median price per square foot (PSF) of RM 263.

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 130K, with most transactions falling within a stable range of RM 110K to RM 150K, and a typical market range of RM 116K to RM 144K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 263, with core pricing between RM 222 and RM 303. Market pricing typically extends from RM 233.25 to RM 291.75, reflecting moderate variation in unit pricing. The spread of RM 58.50 (IQR) and deviation of RM 41 (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.