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 335K to RM 415K, and a typical market range of RM 336K to RM 414K.

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

For price per square foot, the median is RM 440, with most transactions between RM 398 and RM 483. The usual range is RM 399.38 to RM 480.63, 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.