Penang
Seberang Perai Tengah
15
TAMAN DESA PALMA

TAMAN DESA PALMA

Area Intelligence

2023

Median Price

RM 530,000

PSF: RM 357

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 357

TAMAN DESA PALMA in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 530K 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 530K, with most transactions falling within a stable range of RM 500K to RM 572K, and a typical market range of RM 500K to RM 600K.

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

The median PSF stands at RM 357, with core pricing between RM 291 and RM 423. Market pricing typically extends from RM 291.63 to RM 422.38, reflecting moderate variation in unit pricing. The spread of RM 130.75 (IQR) and deviation of RM 66 (MAD) suggest moderate price variations reflecting different property features.

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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