PALMYRA RESIDENCES

PALMYRA RESIDENCES in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 453.

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 600K, with most transactions falling within a stable range of RM 582K to RM 600K, and a typical market range of RM 565K to RM 600K.

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

The median PSF stands at RM 453, with core pricing between RM 369 and RM 537. Market pricing typically extends from RM 419.00 to RM 487.00, reflecting moderate variation in unit pricing. The spread of RM 68.00 (IQR) and deviation of RM 84 (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.