TAMAN DESA PALMA in Seberang Perai Tengah, Penang recorded 11 subsale transactions in 2022, with a median price of RM 485K and a median price per square foot (PSF) of RM 298.
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 485K, with most transactions falling within a stable range of RM 394K to RM 577K, and a typical market range of RM 368K to RM 602K.
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 298, though individual units vary from RM 223 to RM 374 in the core range. The broader market spans RM 232.63 to RM 363.38, indicating diverse property characteristics. A wider spread (IQR: RM 130.75) and deviation (MAD: RM 76) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
