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 105K to RM 155K, and a typical market range of RM 114K to RM 146K.

Most transactions involved low-cost flat, though some variety exists in the market.

The median PSF stands at RM 263, with core pricing between RM 230 and RM 296. Market pricing typically extends from RM 234.50 to RM 290.50, reflecting moderate variation in unit pricing. With an IQR of RM 56.00 and MAD of RM 33, 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.