Penang
Seberang Perai Tengah
15
TAMAN DESA PALMA

TAMAN DESA PALMA

Area Intelligence

2023

Median Price

RM 565,000

PSF: RM 311

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Residential PSF Trends

Median Price

RM 565,000

PSF: RM 311

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 475K to RM 500K, and a typical market range of RM 448K to RM 500K.

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

For price per square foot, the median is RM 311, with most transactions between RM 289 and RM 332. The usual range is RM 245.13 to RM 375.88, showing that most units are priced quite close to each other. With an IQR of RM 130.75 and MAD of RM 22, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN DESA PALMA, Seberang Perai Tengah, Penang

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