PALMYRA RESIDENCES

PALMYRA RESIDENCES in Barat Daya, Penang recorded 7 subsale transactions in 2022, with a median price of RM 540K and a median price per square foot (PSF) of RM 390.

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 540K, with most transactions falling within a stable range of RM 494K to RM 586K, and a typical market range of RM 505K to RM 575K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 390, with core pricing between RM 324 and RM 456. Market pricing typically extends from RM 356.00 to RM 424.00, reflecting moderate variation in unit pricing. The spread of RM 68.00 (IQR) and deviation of RM 66 (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. 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.