Desaria
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Tingkat Kenari
|
RM 2,000,000
|
RM 454
|
4,402 sqft
|
|
|
Jalan Dato Ismail Hashim
|
RM 3,350,000
|
RM 555
|
6,039 sqft
|
|
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Market Snapshot
CommercialRM 2,675,000
RM 505 psfMedian transaction price
Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia
MapsDesaria 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 505.
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 moderate diversity in property types available.
For price per square foot, the median is RM 505, with most transactions between RM 454 and RM 555. The usual range is RM 35.53 to RM 973.53, showing that most units are priced quite close to each other. With an IQR of RM 938.00 and MAD of RM 50, 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.