Palmyra Residences
11020 Balik Pulau, Pulau Pinang, Malaysia
11020 Balik Pulau, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Sungai Nipah 11
|
RM 600,000
|
RM 250
|
2,400 sqft
|
|
Semi-D |
|
Jalan Sungai Nipah 6
|
RM 580,000
|
RM 357
|
1,625 sqft
|
|
2-Sty Terrace |
|
Jalan Sungai Nipah 11
|
RM 555,000
|
RM 341
|
1,625 sqft
|
|
2-Sty Terrace |
|
Jalan Sungai Nipah 6
|
RM 600,000
|
RM 369
|
1,625 sqft
|
|
2-Sty Terrace |
|
Jalan Sungai Nipah 6
|
RM 600,000
|
RM 369
|
1,625 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 600,000
RM 357 psfMedian transaction price
Palmyra Residences, 11020 Balik Pulau, Pulau Pinang, Malaysia
MapsPalmyra 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 357.
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 555K 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 357, with core pricing between RM 312 and RM 402. Market pricing typically extends from RM 325.60 to RM 388.10, reflecting moderate variation in unit pricing. With an IQR of RM 62.50 and MAD of RM 45, 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.