DESA CEMARA

DESA CEMARA in Seberang Perai Tengah, Penang recorded 9 subsale transactions in 2022, with a median price of RM 140K and a median price per square foot (PSF) of RM 189.

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 140K, with most transactions falling within a stable range of RM 114K to RM 166K, and a typical market range of RM 125K to RM 155K.

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

The median PSF stands at RM 189, with core pricing between RM 153 and RM 225. Market pricing typically extends from RM 163.50 to RM 214.50, reflecting moderate variation in unit pricing. The spread of RM 51.00 (IQR) and deviation of RM 36 (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.