PALMYRA RESIDENCES

PALMYRA RESIDENCES in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 515K and a median price per square foot (PSF) of RM 416.

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 515K, with most transactions falling within a stable range of RM 480K to RM 550K, and a typical market range of RM 480K to RM 550K.

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 416, with most transactions between RM 388 and RM 444. The usual range is RM 382.00 to RM 450.00, showing that most units are priced quite close to each other. With an IQR of RM 68.00 and MAD of RM 28, 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.