DESA CEMARA

DESA CEMARA in Seberang Perai Tengah, Penang recorded 9 subsale transactions in 2022, with a median price of RM 140K and a median price per square foot (PSF) of RM 189.

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 140K, with most transactions falling within a stable range of RM 120K to RM 160K, and a typical market range of RM 115K to RM 165K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 189, with core pricing between RM 170 and RM 208. Market pricing typically extends from RM 158.50 to RM 219.50, reflecting moderate variation in unit pricing. With an IQR of RM 61.00 and MAD of RM 19, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.