Desaria

Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

2 subsales grouped by size

Median
RM2,675,000
PSF
RM505
Price Size
Period
transactions middle 50% (P25–P75)
4,400 sqft
3-Sty Shop
RM2,000,000
Tingkat Kenari
4,402 sqft · RM454 PSF
6,050 sqft
3-Sty Shop
RM3,350,000
Jalan Dato Ismail Hashim
6,039 sqft · RM555 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM2,675,000

RM505 psf

Median transaction price

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Desa Ria, Bayan Lepas, Pulau Pinang, Malaysia

Maps

Desaria in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM2.68 million and a median price per square foot (PSF) of RM505.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM2.68 million, with most transactions falling within a stable range of RM2.00 million to RM3.35 million, and a typical market range of RM2.00 million to RM3.35 million.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM505, with most transactions between RM454 and RM555. The usual range is RM35.53 to RM973.53, showing that most units are priced quite close to each other. With an IQR of RM938.00 and MAD of RM50, 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.