DESA MAR VISTA

DESA MAR VISTA in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 424.

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 360K, with most transactions falling within a stable range of RM 315K to RM 413K, and a typical market range of RM 315K to RM 411K.

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

The median PSF stands at RM 424, with core pricing between RM 349 and RM 499. Market pricing typically extends from RM 394.38 to RM 453.63, reflecting moderate variation in unit pricing. The spread of RM 59.25 (IQR) and deviation of RM 75 (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.