DESA BAYAN

DESA BAYAN in Barat Daya, Penang recorded 16 subsale transactions in 2022, with a median price of RM 305K and a median price per square foot (PSF) of RM 429.

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 305K, with most transactions falling within a stable range of RM 278K to RM 332K, and a typical market range of RM 280K to RM 330K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 429, with most transactions between RM 392 and RM 467. The usual range is RM 393.50 to RM 464.50, showing that most units are priced quite close to each other. With an IQR of RM 71.00 and MAD of RM 38, 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. 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.