DESA PINANG 2

DESA PINANG 2 in Timur Laut, Penang recorded 33 subsale transactions in 2023, with a median price of RM 240K and a median price per square foot (PSF) of RM 417.

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 240K, with most transactions falling within a stable range of RM 207K to RM 273K, and a typical market range of RM 215K to RM 265K.

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

The median PSF stands at RM 417, with core pricing between RM 375 and RM 459. Market pricing typically extends from RM 384.50 to RM 449.50, reflecting moderate variation in unit pricing. With an IQR of RM 65.00 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. Moderate transaction volume may require patience when buying or selling.