PALMYRA RESIDENCES

PALMYRA RESIDENCES in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 575K and a median price per square foot (PSF) of RM 346.

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 575K, with most transactions falling within a stable range of RM 550K to RM 600K, and a typical market range of RM 550K to RM 600K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 346, though individual units vary from RM 263 to RM 429 in the core range. The broader market spans RM 312.00 to RM 380.00, indicating diverse property characteristics. The spread of RM 68.00 (IQR) and deviation of RM 83 (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. 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.