Desaria
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 1
|
RM 498,000
|
RM 538
|
926 sqft
|
|
Office |
|
Level 2
|
RM 432,000
|
RM 405
|
1,066 sqft
|
|
Office |
|
Level 2
|
RM 430,000
|
RM 399
|
1,076 sqft
|
|
Office |
|
Level 2
|
RM 500,000
|
RM 540
|
926 sqft
|
|
Shop |
|
Level 1
|
RM 220,000
|
RM 182
|
1,206 sqft
|
|
Shop |
Property News
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Market Snapshot
CommercialRM 432,000
RM 405 psfMedian transaction price
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
MapsDesaria in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 432K and a median price per square foot (PSF) of RM 405.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 432K, with most transactions falling within a stable range of RM 329K to RM 500K, and a typical market range of RM 220K to RM 500K.
Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.
Price per square foot shows a median of RM 405, though individual units vary from RM 275 to RM 536 in the core range. The broader market spans RM 0.00 to RM 874.39, indicating diverse property characteristics. A wider spread (IQR: RM 938.00) and deviation (MAD: RM 131) indicate significant PSF variations, likely due to diverse property types or conditions.
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.