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Market Snapshot
CommercialRM 545,000
RM 858 psfMedian transaction price
The Palazzia, 11700 Gelugor, Pulau Pinang, Malaysia
MapsThe Palazzia in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 625 and 674 sqft, with a median price of RM 545K and a median price per square foot (PSF) of RM 858.
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 545K, with most transactions falling within a stable range of RM 510K to RM 580K, and a typical market range of RM 510K to RM 580K.
Most transactions involved office lot, though some variety exists in the market.
For price per square foot, the median is RM 858, with most transactions between RM 803 and RM 913. The usual range is RM 781.17 to RM 935.17, showing that most units are priced quite close to each other. With an IQR of RM 154.00 and MAD of RM 55, 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.