DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 21 subsale transactions in 2023, with a median price of RM 410K and a median price per square foot (PSF) of RM 431.
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 410K, with most transactions falling within a stable range of RM 277K to RM 543K, and a typical market range of RM 371K to RM 449K.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 431, with core pricing between RM 351 and RM 511. Market pricing typically extends from RM 390.38 to RM 471.63, reflecting moderate variation in unit pricing. The spread of RM 81.25 (IQR) and deviation of RM 80 (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. Moderate transaction volume may require patience when buying or selling.
