Area Intelligence

PALMYRA RESIDENCES

14 properties
Double Storey Terraced
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Median Price
RM 552,500
PSF: RM 437

Residential Market

Median Price

RM 552,500

IQR: RM 68
MAD: RM 37
RM 437 PSF 6.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

PALMYRA RESIDENCES in Barat Daya, Penang recorded 14 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 553K and a median price per square foot (PSF) of RM 437.

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 553K, with most transactions falling within a stable range of RM 510K to RM 595K, and a typical market range of RM 518K to RM 588K.

Within the Double Storey Terraced category, 2 - 2 1/2 storey terraced dominated the market, though some variety exists in the market.

The median PSF stands at RM 437, with core pricing between RM 383 and RM 490. Market pricing typically extends from RM 402.50 to RM 470.50, reflecting moderate variation in unit pricing. With an IQR of RM 68.00 and MAD of RM 53, 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.

Area Location

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PALMYRA RESIDENCES, Barat Daya, Penang

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Transactions

14 properties grouped by size

1,250 sqft
4 units Double Storey Terraced
RM 555,000
JALAN SUNGAI NIPAH 11
1,238 sqft · RM 448.00 PSF
Jul 2023
RM 570,000
JALAN SUNGAI NIPAH 8
1,238 sqft · RM 460.00 PSF
Dec 2022
RM 550,000
JALAN SUNGAI NIPAH 6
1,238 sqft · RM 444.00 PSF
Dec 2021
RM 480,000
JLN NIPAH 15
1,238 sqft · RM 388.00 PSF
Dec 2021
1,300 sqft
9 units (showing 6) Double Storey Terraced
RM 550,000
JLN SG NIPAH 6
1,281 sqft · RM 429.00 PSF
Jan 2024
RM 580,000
JLN SG NIPAH 6
1,281 sqft · RM 453.00 PSF
Aug 2023
RM 600,000
JALAN SUNGAI NIPAH 6
1,281 sqft · RM 468.00 PSF
May 2023
RM 600,000
JALAN SUNGAI NIPAH 6
1,281 sqft · RM 468.00 PSF
Mar 2023
RM 490,000
JALAN SUNGAI NIPAH 6
1,281 sqft · RM 383.00 PSF
Sep 2022
RM 600,000
JALAN SUNGAI NIPAH 6
1,281 sqft · RM 468.00 PSF
Jul 2022
2,300 sqft
1 units Double Storey Terraced
RM 600,000
JALAN SUNGAI NIPAH 8
2,282 sqft · RM 263.00 PSF
Mar 2024