DESA MAY

DESA MAY in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 178K and a median price per square foot (PSF) of RM 337.

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 178K, with most transactions falling within a stable range of RM 155K to RM 201K, and a typical market range of RM 169K to RM 187K.

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

The median PSF stands at RM 337, with core pricing between RM 293 and RM 381. Market pricing typically extends from RM 319.88 to RM 354.13, reflecting moderate variation in unit pricing. With an IQR of RM 34.25 and MAD of RM 44, 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. Limited transaction history suggests carefully evaluating comparable sales data.