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 254K to RM 496K, and a typical market range of RM 336K to RM 414K.
Most transactions involved condominium/apartment, though some variety exists in the market.
Price per square foot shows a median of RM 440, though individual units vary from RM 351 to RM 529 in the core range. The broader market spans RM 399.38 to RM 480.63, indicating diverse property characteristics. The spread of RM 81.25 (IQR) and deviation of RM 89 (MAD) suggest moderate price variations reflecting different property features.
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.
