Penang
Barat Daya
12
DESA RIA

DESA RIA

Area Intelligence

2021

Median Price

RM 775,000

PSF: RM 596

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Residential PSF Trends

Median Price

RM 775,000

PSF: RM 596

DESA RIA in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 775K and a median price per square foot (PSF) of RM 596.

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 775K, with most transactions falling within a stable range of RM 650K to RM 900K, and a typical market range of RM 650K to RM 900K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 596, with core pricing between RM 536 and RM 656. Market pricing typically extends from RM 486.38 to RM 705.63, reflecting moderate variation in unit pricing. With an IQR of RM 219.25 and MAD of RM 60, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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DESA RIA, Barat Daya, Penang

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