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 917K to RM 950K, and a typical market range of RM 900K 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 536, with most transactions between RM 523 and RM 549. The usual range is RM 426.38 to RM 645.63, showing that most units are priced quite close to each other. With an IQR of RM 219.25 and MAD of RM 13, 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.
