Penang
Timur Laut
Georgetown
DESA PINANG 2

DESA PINANG 2

Area Intelligence

2023

Median Price

RM 240,000

PSF: RM 417

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Residential PSF Trends

Median Price

RM 240,000

PSF: RM 417

DESA PINANG 2 in Timur Laut, Penang recorded 33 subsale transactions in 2023, with a median price of RM 240K and a median price per square foot (PSF) of RM 417.

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 240K, with most transactions falling within a stable range of RM 207K to RM 273K, and a typical market range of RM 215K to RM 265K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 417, with core pricing between RM 375 and RM 459. Market pricing typically extends from RM 382.00 to RM 452.00, reflecting moderate variation in unit pricing. With an IQR of RM 70.00 and MAD of RM 42, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.

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DESA PINANG 2, Timur Laut, Penang

OSM

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Transactions

33 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

Road	Price	Land PSF	Land	Date	Type

550 sqft

Low-Cost Flat

550 sqft

Low-Cost Flat

RM 240,000

Level 3

527 sqft · RM 455 PSF

Dec 2023

RM 198,000

Level 9

527 sqft · RM 375 PSF

Nov 2023

RM 210,000

Level 3

527 sqft · RM 398 PSF

Oct 2023

RM 220,000

Level 4

527 sqft · RM 417 PSF

Sep 2023

RM 160,000

Level 5

527 sqft · RM 303 PSF

Aug 2023

RM 245,000

Level 10

527 sqft · RM 465 PSF

Jul 2023

Level 3	RM 240,000	RM 455	527 sqft	Dec 2023
Level 9	RM 198,000	RM 375	527 sqft	Nov 2023
Level 3	RM 210,000	RM 398	527 sqft	Oct 2023
Level 4	RM 220,000	RM 417	527 sqft	Sep 2023
Level 5	RM 160,000	RM 303	527 sqft	Aug 2023
Level 10	RM 245,000	RM 465	527 sqft	Jul 2023

View 6 more transactions

600 sqft

Low-Cost Flat

600 sqft

Low-Cost Flat

RM 255,000

Level 21

614 sqft · RM 416 PSF

Dec 2023

RM 237,000

Level 20

614 sqft · RM 386 PSF

Dec 2023

RM 230,000

Level 12

614 sqft · RM 375 PSF

Dec 2023

RM 268,000

Level 11

614 sqft · RM 437 PSF

Dec 2023

RM 238,000

Level 6

614 sqft · RM 388 PSF

Oct 2023

RM 270,000

Level 2

614 sqft · RM 440 PSF

Oct 2023

Level 21	RM 255,000	RM 416	614 sqft	Dec 2023
Level 20	RM 237,000	RM 386	614 sqft	Dec 2023
Level 12	RM 230,000	RM 375	614 sqft	Dec 2023
Level 11	RM 268,000	RM 437	614 sqft	Dec 2023
Level 6	RM 238,000	RM 388	614 sqft	Oct 2023
Level 2	RM 270,000	RM 440	614 sqft	Oct 2023