TAMAN DESA PALMA

TAMAN DESA PALMA in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 311.

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 565K, with most transactions falling within a stable range of RM 391K to RM 739K, and a typical market range of RM 429K to RM 701K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 311, though individual units vary from RM 240 to RM 381 in the core range. The broader market spans RM 245.88 to RM 375.13, indicating diverse property characteristics. The spread of RM 129.25 (IQR) and deviation of RM 70 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.