THE PALAZZIA in Timur Laut, Penang recorded 0 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 618K 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 618K, with most transactions falling within a stable range of RM 510K to RM 726K, and a typical market range of RM 532K to RM 704K.
Within the Double Storey Shop category, office lot dominated the market, 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.
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.
