DESA RAHMAT (GRACELAND VILLA)

DESA RAHMAT (GRACELAND VILLA) in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 357.

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 250K, with most transactions falling within a stable range of RM 240K to RM 280K, and a typical market range of RM 240K to RM 280K.

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

The median PSF stands at RM 357, with core pricing between RM 317 and RM 397. Market pricing typically extends from RM 316.00 to RM 398.00, reflecting moderate variation in unit pricing. With an IQR of RM 82.00 and MAD of RM 40, 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.