THE PALAZZIA

THE PALAZZIA in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 599K and a median price per square foot (PSF) of RM 834.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 599K, with most transactions falling within a stable range of RM 443K to RM 690K, and a typical market range of RM 513K to RM 685K.

Most transactions involved office lot, though some variety exists in the market.

Price per square foot shows a median of RM 834, though individual units vary from RM 611 to RM 1,057 in the core range. The broader market spans RM 757.00 to RM 911.00, indicating diverse property characteristics. A wider spread (IQR: RM 154.00) and deviation (MAD: RM 223) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.