Penang
Timur Laut
13
THE PALM RESIDENCES II

THE PALM RESIDENCES II

Area Intelligence

2024

Median Price

RM 3,430,000

PSF: RM 765

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Residential PSF Trends

Median Price

RM 3,430,000

PSF: RM 765

THE PALM RESIDENCES II in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 3.43 million and a median price per square foot (PSF) of RM 765.

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 3.43 million, with most transactions falling within a stable range of RM 3.18 million to RM 3.68 million, and a typical market range of RM 3.31 million to RM 3.56 million.

Most transactions involved 2 - 2 1/2 storey semi-detached, with minimal variety in property types.

The median PSF stands at RM 765, with core pricing between RM 661 and RM 868. Market pricing typically extends from RM 712.75 to RM 816.25, reflecting moderate variation in unit pricing. With an IQR of RM 103.50 and MAD of RM 104, 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.

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THE PALM RESIDENCES II, Timur Laut, Penang

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