Penang
Seberang Perai Tengah
15
TAMAN DESA PALMA

TAMAN DESA PALMA

Area Intelligence

2023

Median Price

RM 515,000

PSF: RM 368

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Residential PSF Trends

Median Price

RM 515,000

PSF: RM 368

TAMAN DESA PALMA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 515K and a median price per square foot (PSF) of RM 368.

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 515K, with most transactions falling within a stable range of RM 500K to RM 530K, and a typical market range of RM 500K to RM 530K.

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 368, with most transactions between RM 357 and RM 379. The usual range is RM 302.63 to RM 433.38, showing that most units are priced quite close to each other. With an IQR of RM 130.75 and MAD of RM 11, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN DESA PALMA, Seberang Perai Tengah, Penang

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