DESA RIANG (SUNNY VILLE)

DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 9 subsale transactions in 2022, with a median price of RM 360K and a median price per square foot (PSF) of RM 434.

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 360K, with most transactions falling within a stable range of RM 258K to RM 463K, and a typical market range of RM 321K to RM 399K.

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

The median PSF stands at RM 434, with core pricing between RM 359 and RM 509. Market pricing typically extends from RM 393.38 to RM 474.63, reflecting moderate variation in unit pricing. The spread of RM 81.25 (IQR) and deviation of RM 75 (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.