DESA RIANG (SUNNY VILLE)

DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 11 subsale transactions in 2023, with a median price of RM 365K and a median price per square foot (PSF) of RM 431.

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 365K, with most transactions falling within a stable range of RM 325K to RM 405K, and a typical market range of RM 326K to RM 404K.

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

For price per square foot, the median is RM 431, with most transactions between RM 389 and RM 474. The usual range is RM 390.38 to RM 471.63, showing that most units are priced quite close to each other. With an IQR of RM 81.25 and MAD of RM 43, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.