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 510K to RM 835K, and a typical market range of RM 586K to RM 759K.

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

For price per square foot, the median is RM 782, with most transactions between RM 761 and RM 803. The usual range is RM 705.00 to RM 859.00, showing that most units are priced quite close to each other. With an IQR of RM 154.00 and MAD of RM 21, 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.