Penang
Timur Laut
13
DESA UNIVERSITI

DESA UNIVERSITI

Area Intelligence

2023

Median Price

RM 236,000

PSF: RM 348

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Residential PSF Trends

Median Price

RM 236,000

PSF: RM 348

DESA UNIVERSITI in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 236K and a median price per square foot (PSF) of RM 348.

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 236K, with most transactions falling within a stable range of RM 192K to RM 280K, and a typical market range of RM 192K to RM 280K.

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

The median PSF stands at RM 348, with core pricing between RM 283 and RM 413. Market pricing typically extends from RM 318.38 to RM 377.63, reflecting moderate variation in unit pricing. The spread of RM 59.25 (IQR) and deviation of RM 65 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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DESA UNIVERSITI, Timur Laut, Penang

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