DESA RIANG (SUNNY VILLE)

DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 8 subsale transactions in 2021, with a median price of RM 238K and a median price per square foot (PSF) of RM 349.

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 238K, with most transactions falling within a stable range of RM 198K to RM 278K, and a typical market range of RM 198K to RM 277K.

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

The median PSF stands at RM 349, with core pricing between RM 306 and RM 391. Market pricing typically extends from RM 307.88 to RM 389.13, reflecting moderate variation in unit pricing. With an IQR of RM 81.25 and MAD of RM 43, the PSF demonstrates reasonable consistency across the market.

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.