TMN DESA PALMA
Residential Market
Median Price
RM 565,000
PSF Trends (2021-2025)
TMN 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 391K to RM 739K, and a typical market range of RM 412K to RM 718K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 311, though individual units vary from RM 240 to RM 381 in the core range. The broader market spans RM 242.63 to RM 378.38, indicating diverse property characteristics. The spread of RM 135.75 (IQR) and deviation of RM 70 (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.
Filter by type, year, price, and size
Transactions
6 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
LRG DESA PALMA 9
|
RM 319,000
|
RM 400.00
|
797 sqft
|
May 2023
|
|
LORONG DESA PALMA 2
|
RM 500,000
|
RM 357.00
|
1,399 sqft
|
Oct 2023
|
|
|
LRG DESA PALMA 4
|
RM 530,000
|
RM 379.00
|
1,399 sqft
|
Oct 2023
|
|
LORONG DESA PALMA 2
|
RM 600,000
|
RM 230.00
|
2,605 sqft
|
Feb 2023
|
|
JLN DESA PALMA 1
|
RM 800,000
|
RM 264.00
|
3,035 sqft
|
Apr 2023
|
|
LORONG DESA PALMA 6
|
RM 818,000
|
RM 233.00
|
3,509 sqft
|
Jul 2023
|