Penang
Timur Laut
13
DESA MAY

DESA MAY

Area Intelligence

2023

Median Price

RM 178,000

PSF: RM 337

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Residential PSF Trends

Median Price

RM 178,000

PSF: RM 337

DESA MAY in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 178K and a median price per square foot (PSF) of RM 337.

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 178K, with most transactions falling within a stable range of RM 167K to RM 189K, and a typical market range of RM 169K to RM 187K.

Most transactions involved low-cost flat, with minimal variety in property types.

For price per square foot, the median is RM 337, with most transactions between RM 317 and RM 358. The usual range is RM 319.88 to RM 354.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.25 and an average deviation (MAD) of RM 21 indicate a highly stable PSF trend across properties.

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.

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DESA MAY, Timur Laut, Penang

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Transactions

5 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

550 sqft

RM 168,000

Level 4

527 sqft · RM 319 PSF

Dec 2023

RM 218,000

Level 9

527 sqft · RM 413 PSF

Dec 2023

RM 150,000

Level 5

527 sqft · RM 284 PSF

Oct 2023

RM 178,000

Level 10

527 sqft · RM 337 PSF

Aug 2023

RM 195,000

Level 11

527 sqft · RM 370 PSF

Apr 2023

Level 4	RM 168,000	RM 319	527 sqft	Dec 2023	Low-Cost Flat
Level 9	RM 218,000	RM 413	527 sqft	Dec 2023	Low-Cost Flat
Level 5	RM 150,000	RM 284	527 sqft	Oct 2023	Flat
Level 10	RM 178,000	RM 337	527 sqft	Aug 2023	Low-Cost Flat
Level 11	RM 195,000	RM 370	527 sqft	Apr 2023	Low-Cost Flat