DELIMA PALACE in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 990K and a median price per square foot (PSF) of RM 388.
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 990K, with most transactions falling within a stable range of RM 645K to RM 1.34 million, and a typical market range of RM 818K to RM 1.16 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 388, with core pricing between RM 335 and RM 441. Market pricing typically extends from RM 361.50 to RM 414.50, reflecting moderate variation in unit pricing. With an IQR of RM 53.00 and MAD of RM 53, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
