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Market Snapshot
ResidentialRM 877,500
RM 458 psfMedian transaction price
Palm Palladium, 11700 Gelugor, Pulau Pinang, Malaysia
MapsPalm Palladium in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,875 and 1,924 sqft, with a median price of RM 878K and a median price per square foot (PSF) of RM 458.
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 878K, with most transactions falling within a stable range of RM 855K to RM 900K, and a typical market range of RM 855K to RM 900K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 458, with most transactions between RM 446 and RM 470. The usual range is RM 421.49 to RM 494.49, showing that most units are priced quite close to each other. With an IQR of RM 73.00 and MAD of RM 12, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.