Penang
Barat Daya
12
DESA RIA

DESA RIA

Area Intelligence

2023

Median Price

RM 919,000

PSF: RM 548

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Residential PSF Trends

Median Price

RM 919,000

PSF: RM 548

DESA RIA in Barat Daya, Penang recorded 4 subsale transactions in 2023, with a median price of RM 919K and a median price per square foot (PSF) of RM 548.

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 919K, with most transactions falling within a stable range of RM 754K to RM 950K, and a typical market range of RM 762K 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 548, with most transactions between RM 522 and RM 573. The usual range is RM 437.88 to RM 657.13, showing that most units are priced quite close to each other. With an IQR of RM 219.25 and MAD of RM 25, 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.

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DESA RIA, Barat Daya, Penang

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Transactions

4 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

Min Size (sqft)

Max Size (sqft)

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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