DESA ARA in Barat Daya, Penang recorded 14 subsale transactions in 2022, with a median price of RM 775K and a median price per square foot (PSF) of RM 362.
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 775K, with most transactions falling within a stable range of RM 1.23 million to RM 890K, and a typical market range of RM 1.23 million to RM 890K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 362, with core pricing between RM 304 and RM 419. Market pricing typically extends from RM 261.25 to RM 461.75, reflecting moderate variation in unit pricing. The spread of RM 200.50 (IQR) and deviation of RM 57 (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.
