DESA MAR VISTA

DESA MAR VISTA in Timur Laut, Penang recorded 9 subsale transactions in 2022, with a median price of RM 400K and a median price per square foot (PSF) of RM 455.

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 400K, with most transactions falling within a stable range of RM 330K to RM 542K, and a typical market range of RM 348K to RM 452K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 455, with core pricing between RM 388 and RM 522. Market pricing typically extends from RM 425.38 to RM 484.63, reflecting moderate variation in unit pricing. With an IQR of RM 59.25 and MAD of RM 67, 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.