Penang
Barat Daya
12
DESA RIA

DESA RIA

Area Intelligence

2024

Median Price

RM 884,000

PSF: RM 561

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Residential PSF Trends

Median Price

RM 884,000

PSF: RM 561

DESA RIA in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 884K and a median price per square foot (PSF) of RM 561.

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 884K, with most transactions falling within a stable range of RM 540K to RM 1.23 million, and a typical market range of RM 727K to RM 1.04 million.

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

The median PSF stands at RM 561, with core pricing between RM 492 and RM 630. Market pricing typically extends from RM 451.38 to RM 670.63, reflecting moderate variation in unit pricing. With an IQR of RM 219.25 and MAD of RM 69, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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DESA RIA, Barat Daya, Penang

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