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 778K to RM 1.10 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 421 to RM 651 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 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. 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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