Penang
Barat Daya
12
DESARIA

DESARIA

Area Intelligence

2024

Median Price

RM 2,675,000

PSF: RM 1,430

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Commercial PSF Trends

Median Price

RM 2,675,000

RM 1,430 PSF

DESARIA in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 2.68 million and a median price per square foot (PSF) of RM 1,430.

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 2.68 million, with most transactions falling within a stable range of RM 2.00 million to RM 3.35 million, and a typical market range of RM 2.00 million to RM 3.35 million.

Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.

The median PSF stands at RM 1,430, with core pricing between RM 1,239 and RM 1,621. Market pricing typically extends from RM 1,013.00 to RM 1,847.00, reflecting moderate variation in unit pricing. With an IQR of RM 834.00 and MAD of RM 191, 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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DESARIA, Barat Daya, Penang

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