DESA RAHMAT

DESA RAHMAT in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 495K and a median price per square foot (PSF) of RM 390.

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 495K, with most transactions falling within a stable range of RM 408K to RM 583K, and a typical market range of RM 451K to RM 539K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM 390, with core pricing between RM 321 and RM 459. Market pricing typically extends from RM 355.50 to RM 424.50, reflecting moderate variation in unit pricing. The spread of RM 69.00 (IQR) and deviation of RM 69 (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.