DESA RIANG (SUNNY VILLE)

DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 11 subsale transactions in 2022, with a median price of RM 375K and a median price per square foot (PSF) of RM 440.

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 375K, with most transactions falling within a stable range of RM 272K to RM 470K, and a typical market range of RM 336K to RM 414K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 440, with core pricing between RM 368 and RM 512. Market pricing typically extends from RM 399.38 to RM 480.63, reflecting moderate variation in unit pricing. The spread of RM 81.25 (IQR) and deviation of RM 72 (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.