DESA BISTARI in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 298K and a median price per square foot (PSF) of RM 426.
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 298K, with most transactions falling within a stable range of RM 262K to RM 333K, and a typical market range of RM 276K to RM 320K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 426, with core pricing between RM 375 and RM 476. Market pricing typically extends from RM 394.00 to RM 457.00, reflecting moderate variation in unit pricing. With an IQR of RM 63.00 and MAD of RM 51, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.