DESA RIA

DESA RIA in Barat Daya, Penang recorded 1 subsale transactions in 2022, with a median price of RM 660K and a median price per square foot (PSF) of RM 666.

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 660K, with most transactions falling within a stable range of RM 500K to RM 820K, and a typical market range of RM 503K to RM 817K.

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

The median PSF stands at RM 666, with core pricing between RM 551 and RM 781. Market pricing typically extends from RM 556.38 to RM 775.63, reflecting moderate variation in unit pricing. The spread of RM 219.25 (IQR) and deviation of RM 115 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.