THE PALAZZIA

THE PALAZZIA in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 673K and a median price per square foot (PSF) of RM 782.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 673K, with most transactions falling within a stable range of RM 565K to RM 781K, and a typical market range of RM 586K to RM 759K.

Most transactions involved office lot, though some variety exists in the market.

The median PSF stands at RM 782, with core pricing between RM 674 and RM 890. Market pricing typically extends from RM 705.00 to RM 859.00, reflecting moderate variation in unit pricing. With an IQR of RM 154.00 and MAD of RM 108, 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.