PALMYRA RESIDENCES

PALMYRA RESIDENCES in Barat Daya, Penang recorded 16 subsale transactions between 2021 and 2025, with a median price of RM 563K and a median price per square foot (PSF) of RM 426.

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 563K, with most transactions falling within a stable range of RM 525K to RM 600K, and a typical market range of RM 528K to RM 598K.

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

For price per square foot, the median is RM 426, with most transactions between RM 389 and RM 462. The usual range is RM 391.50 to RM 459.50, showing that most units are priced quite close to each other. With an IQR of RM 68.00 and MAD of RM 37, 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.