DESA RIA in Barat Daya, Penang recorded 11 subsale transactions in 2022, with a median price of RM 1.05 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 1.05 million, with most transactions falling within a stable range of RM 890K to RM 1.21 million, and a typical market range of RM 893K to RM 1.21 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 247 to RM 477 in the core range. The broader market spans RM 252.38 to RM 471.63, indicating diverse property characteristics. A wider spread (IQR: RM 219.25) and deviation (MAD: RM 115) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
