Desa Ria
Bayan Lepas, Pulau Pinang, Malaysia
Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Lorong Kenari 15
|
RM 950,000
|
RM 538
|
1,765 sqft
|
|
2-Sty Terrace |
| 2022 | |||||
|
Lorong Kenari 14
|
RM 930,000
|
RM 530
|
1,755 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 940,000
RM 534 psfMedian transaction price
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
MapsDesa Ria in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,725 and 1,774 sqft, with a median price of RM 940K and a median price per square foot (PSF) of RM 534.
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 940K, with most transactions falling within a stable range of RM 930K to RM 950K, and a typical market range of RM 930K to RM 950K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 534, with most transactions between RM 530 and RM 538. The usual range is RM 426.49 to RM 641.74, showing that most units are priced quite close to each other. With an IQR of RM 215.25 and MAD of RM 4, the PSF demonstrates reasonable consistency across the market.
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.