Penang
Timur Laut
13
THE PALAZZIA

THE PALAZZIA

Area Intelligence

2023

Median Price

RM 510,000

PSF: RM 803

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Commercial PSF Trends

Median Price

RM 510,000

RM 803 PSF

THE PALAZZIA in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 510K and a median price per square foot (PSF) of RM 803.

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 510K, with most transactions falling within a stable range of RM 402K to RM 618K, and a typical market range of RM 424K to RM 596K.

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

The median PSF stands at RM 803, with core pricing between RM 695 and RM 911. Market pricing typically extends from RM 726.00 to RM 880.00, 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.

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.

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THE PALAZZIA, Timur Laut, Penang

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