DESA PERMATA

Area Intelligence
2023
Median Price
RM 279,000
PSF: RM 400

Residential PSF Trends

Median Price

RM 279,000

PSF: RM 400

Commercial PSF Trends

Median Price

RM 370,000

RM 223 PSF

DESA PERMATA in Timur Laut, Penang recorded 23 subsale transactions in 2023, with a median price of RM 279K and a median price per square foot (PSF) of RM 400.

This area contains both residential and commercial properties. View 67 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 279K, with most transactions falling within a stable range of RM 259K to RM 299K, and a typical market range of RM 258K to RM 300K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 400, with most transactions between RM 370 and RM 430. The usual range is RM 369.63 to RM 430.38, showing that most units are priced quite close to each other. With an IQR of RM 60.75 and MAD of RM 30, 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. Moderate transaction volume may require patience when buying or selling.

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DESA PERMATA, Timur Laut, Penang

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