Area Intelligence

TMN DESA PALMA

12 properties
Double Storey Terraced
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Median Price
RM 490,000
PSF: RM 356

Residential Market

Median Price

RM 490,000

IQR: RM 136
MAD: RM 95
RM 356 PSF 34.7%

PSF Trends (2021-2025)

TMN DESA PALMA in Seberang Perai Tengah, Penang recorded 12 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 490K and a median price per square foot (PSF) of RM 356.

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 490K, with most transactions falling within a stable range of RM 393K to RM 587K, and a typical market range of RM 337K to RM 643K.

Within the Double Storey Terraced category, 2 - 2 1/2 storey terraced dominated the market, with high diversity across multiple property types.

The median PSF stands at RM 356, with core pricing between RM 298 and RM 413. Market pricing typically extends from RM 287.63 to RM 423.38, reflecting moderate variation in unit pricing. The spread of RM 135.75 (IQR) and deviation of RM 58 (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.

Area Location

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TMN DESA PALMA, Seberang Perai Tengah, Penang

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Transactions

12 properties grouped by size

800 sqft
1 units Double Storey Terraced
RM 319,000
LRG DESA PALMA 9
797 sqft · RM 400.00 PSF
May 2023
1,300 sqft
4 units Double Storey Terraced
RM 485,000
JLN DESA PALMA 2
1,313 sqft · RM 369.00 PSF
Dec 2022
RM 485,000
JALAN DESA PALMA 2
1,313 sqft · RM 369.00 PSF
Aug 2022
RM 448,000
LRG DESA PALMA 10
1,281 sqft · RM 350.00 PSF
Jun 2022
RM 498,000
LRG DESA PALMA 11
1,281 sqft · RM 389.00 PSF
Jun 2022
1,400 sqft
5 units Double Storey Terraced
RM 500,000
LORONG DESA PALMA 2
1,399 sqft · RM 357.00 PSF
Oct 2023
RM 530,000
LRG DESA PALMA 4
1,399 sqft · RM 379.00 PSF
Oct 2023
RM 350,000
LRG DESA PALMA 2
1,399 sqft · RM 250.00 PSF
Sep 2022
RM 495,000
LORONG DESA PALMA 1
1,399 sqft · RM 354.00 PSF
Aug 2022
RM 417,000
LRG DESA PALMA 3
1,399 sqft · RM 298.00 PSF
Mar 2022
2,600 sqft
1 units Double Storey Terraced
RM 600,000
LORONG DESA PALMA 2
2,605 sqft · RM 230.00 PSF
Feb 2023
2,850 sqft
1 units Double Storey Terraced
RM 700,000
LORONG DESA PALMA 2
2,852 sqft · RM 245.00 PSF
Aug 2022