Penang
Timur Laut
13
THE PALAZZIA

THE PALAZZIA

Area Intelligence

2022

Median Price

RM 599,000

PSF: RM 834

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Commercial PSF Trends

Median Price

RM 599,000

RM 834 PSF

THE PALAZZIA in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 599K and a median price per square foot (PSF) of RM 834.

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 599K, with most transactions falling within a stable range of RM 443K to RM 690K, and a typical market range of RM 513K to RM 685K.

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

Price per square foot shows a median of RM 834, though individual units vary from RM 611 to RM 1,057 in the core range. The broader market spans RM 757.00 to RM 911.00, indicating diverse property characteristics. A wider spread (IQR: RM 154.00) and deviation (MAD: RM 223) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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THE PALAZZIA, Timur Laut, Penang

OSM

Track location

Transactions

4 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 690,000

Level 1

732 sqft • RM 943.00 PSF

Dec 2022

RM 580,000

Level G

635 sqft • RM 913.00 PSF

Aug 2022

RM 280,000

Level 2

732 sqft • RM 383.00 PSF

Jun 2022

RM 618,000

Level G

818 sqft • RM 755.00 PSF

Apr 2022

Road	Price	Land PSF	Land	Date	Type
Level 1	RM 690,000	RM 943.00	732 sqft	Dec 2022	Office Lot
Level G	RM 580,000	RM 913.00	635 sqft	Aug 2022	Office Lot
Level 2	RM 280,000	RM 383.00	732 sqft	Jun 2022	Office Lot
Level G	RM 618,000	RM 755.00	818 sqft	Apr 2022	Office Lot