Penang
Barat Daya
12
DESA RIA

DESA RIA

Area Intelligence

2023

Median Price

RM 938,000

PSF: RM 536

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Residential PSF Trends

Median Price

RM 938,000

PSF: RM 536

DESA RIA in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 938K and a median price per square foot (PSF) of RM 536.

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 938K, with most transactions falling within a stable range of RM 730K to RM 1.15 million, and a typical market range of RM 781K to RM 1.09 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 536, though individual units vary from RM 424 to RM 648 in the core range. The broader market spans RM 426.38 to RM 645.63, indicating diverse property characteristics. The spread of RM 219.25 (IQR) and deviation of RM 112 (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.

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DESA RIA, Barat Daya, Penang

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Transactions

5 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

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Road	Price	Land PSF	Land	Date	Type

1,100 sqft

Town House

1,100 sqft

Town House

RM 550,000

Level 1-2

1,098 sqft · RM 501 PSF

Aug 2023

Level 1-2

RM 550,000

RM 501

1,098 sqft

Aug 2023

1,700 sqft

Double Storey Terraced

1,700 sqft

Double Storey Terraced

RM 900,000

LORONG KENARI 14

1,679 sqft · RM 536 PSF

Nov 2023

RM 950,000

LORONG KENARI 15

1,679 sqft · RM 566 PSF

Aug 2023

RM 938,000

LORONG KENARI 10

1,679 sqft · RM 559 PSF

Jan 2023

LORONG KENARI 14	RM 900,000	RM 536	1,679 sqft	Nov 2023
LORONG KENARI 15	RM 950,000	RM 566	1,679 sqft	Aug 2023
LORONG KENARI 10	RM 938,000	RM 559	1,679 sqft	Jan 2023