DESA ARA in Barat Daya, Penang recorded 13 subsale transactions in 2023, with a median price of RM 718K and a median price per square foot (PSF) of RM 527.
This area contains both residential and commercial properties. View 41 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 718K, with most transactions falling within a stable range of RM 608K to RM 828K, and a typical market range of RM 603K to RM 833K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 527, with core pricing between RM 433 and RM 621. Market pricing typically extends from RM 426.75 to RM 627.25, reflecting moderate variation in unit pricing. The spread of RM 200.50 (IQR) and deviation of RM 94 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
