DESA CEMARA

Area Intelligence

2023

Median Price

RM 165,000

PSF: RM 217

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Residential PSF Trends

Median Price

RM 165,000

PSF: RM 217

DESA CEMARA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 165K and a median price per square foot (PSF) of RM 217.

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 165K, with most transactions falling within a stable range of RM 130K to RM 200K, and a typical market range of RM 140K to RM 190K.

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

The median PSF stands at RM 217, with core pricing between RM 175 and RM 258. Market pricing typically extends from RM 186.00 to RM 247.00, reflecting moderate variation in unit pricing. The spread of RM 61.00 (IQR) and deviation of RM 42 (MAD) suggest moderate price variations reflecting different property features.

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.

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DESA CEMARA, Seberang Perai Tengah, Penang

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