| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 510,000
|
RM 803
|
635 sqft
|
|
|
|
Level G
|
RM 580,000
|
RM 913
|
635 sqft
|
|
|
Level 1
|
RM 690,000
|
RM 943
|
732 sqft
|
|
|
|
Level 2
|
RM 280,000
|
RM 383
|
732 sqft
|
|
|
Level G
|
RM 745,000
|
RM 911
|
818 sqft
|
|
|
|
Level G
|
RM 618,000
|
RM 755
|
818 sqft
|
|
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Market Snapshot
CommercialRM 599,000
RM 857 psfMedian transaction price
The Palazzia, 11700 Gelugor, Pulau Pinang, Malaysia
MapsThe Palazzia in Timur Laut, Penang recorded 6 Office Lot properties subsale transactions between 2021 and 2026, with a median price of RM 599K and a median price per square foot (PSF) of RM 857.
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 449K to RM 745K, and a typical market range of RM 513K to RM 685K.
Within the Office Lot category, office lot dominated the market, though some variety exists in the market.
Price per square foot shows a median of RM 857, though individual units vary from RM 665 to RM 1,048 in the core range. The broader market spans RM 779.88 to RM 933.88, indicating diverse property characteristics. The spread of RM 154.00 (IQR) and deviation of RM 192 (MAD) suggest moderate price variations reflecting different property features.
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.