Desa Ria
Bayan Lepas, Pulau Pinang, Malaysia
Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Lengkok Kenari 1
|
RM 1,842,000
|
RM 460
|
4,004 sqft
|
|
Semi-D |
| 2022 | |||||
|
Lorong Kenari 3
|
RM 1,070,000
|
RM 267
|
4,004 sqft
|
|
Bungalow |
|
Lorongg Kenari 5
|
RM 1,450,000
|
RM 362
|
4,004 sqft
|
|
Bungalow |
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Market Snapshot
ResidentialRM 1,450,000
RM 362 psfMedian transaction price
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
MapsDesa Ria in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 3,975 and 4,024 sqft, with a median price of RM 1.45 million and a median price per square foot (PSF) of RM 362.
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 1.45 million, with most transactions falling within a stable range of RM 1.13 million to RM 1.77 million, and a typical market range of RM 1.31 million to RM 1.59 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 362, though individual units vary from RM 283 to RM 441 in the core range. The broader market spans RM 254.50 to RM 469.75, indicating diverse property characteristics. The spread of RM 215.25 (IQR) and deviation of RM 79 (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.