THE PALAZZIA
Commercial Market
Median Price
RM 745,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Office Lot
6 properties
Median Price
RM 599,000
+11.5% CAGR
Median PSF
RM 834.00
+4.5% CAGR
Shop/Retail Lot
1 properties
Median Price
RM 835,000
Median PSF
RM 761.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Office Lot | 6 |
RM 599,000
±89K MAD
|
+11.52% |
RM 834.00
±31 MAD
|
+4.51% | |
| Shop/Retail Lot | 1 |
RM 835,000
|
- |
RM 761.00
|
- |
THE PALAZZIA in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 745K and a median price per square foot (PSF) of RM 911.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved office lot, though some variety exists in the market.
For price per square foot, the median is RM 911, with most transactions between RM 911 and RM 911. The usual range is RM 834.00 to RM 988.00, showing that most units are priced quite close to each other. With an IQR of RM 154.00 and MAD of RM 0, 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.
Filter by type, year, price, and size
Transactions
1 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 745,000
|
RM 911.00
|
818 sqft
|
Jul 2024
|