DESA RIANG (SUNNY VILLE)

DESA RIANG (SUNNY VILLE) in Timur Laut, Penang recorded 9 subsale transactions in 2021, with a median price of RM 300K and a median price per square foot (PSF) of RM 372.

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 300K, with most transactions falling within a stable range of RM 171K to RM 429K, and a typical market range of RM 261K to RM 340K.

Most transactions involved condominium/apartment, though some variety exists in the market.

Price per square foot shows a median of RM 372, though individual units vary from RM 283 to RM 461 in the core range. The broader market spans RM 332.00 to RM 412.00, indicating diverse property characteristics. The spread of RM 80.00 (IQR) and deviation of RM 89 (MAD) suggest moderate price variations reflecting different property features.

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.