DESA RIA

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 730K to RM 1.15 million, and a typical market range of RM 785K 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 424 to RM 648 in the core range. The broader market spans RM 429.13 to RM 642.88, indicating diverse property characteristics. The spread of RM 213.75 (IQR) and deviation of RM 112 (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.