DESA BAYAN

DESA BAYAN in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 335K and a median price per square foot (PSF) of RM 472.

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 335K, with most transactions falling within a stable range of RM 313K to RM 357K, and a typical market range of RM 310K to RM 360K.

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

For price per square foot, the median is RM 472, with most transactions between RM 441 and RM 503. The usual range is RM 436.50 to RM 507.50, showing that most units are priced quite close to each other. With an IQR of RM 71.00 and MAD of RM 31, 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.