DESA SELATAN

DESA SELATAN in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 500.

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 350K, with most transactions falling within a stable range of RM 326K to RM 350K, and a typical market range of RM 325K to RM 350K.

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

For price per square foot, the median is RM 500, with most transactions between RM 467 and RM 533. The usual range is RM 464.50 to RM 535.50, showing that most units are priced quite close to each other. With an IQR of RM 71.00 and MAD of RM 33, 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.