DESA RAHMAT (GRACELAND VILLA)

DESA RAHMAT (GRACELAND VILLA) in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 238K and a median price per square foot (PSF) of RM 341.

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 238K, with most transactions falling within a stable range of RM 225K to RM 268K, and a typical market range of RM 225K to RM 268K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 341, with core pricing between RM 298 and RM 383. Market pricing typically extends from RM 299.50 to RM 381.50, reflecting moderate variation in unit pricing. With an IQR of RM 82.00 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. Limited transaction history suggests carefully evaluating comparable sales data.