Selling in The Palazzia? Homes here sold for a median of RM672,500.
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The Palazzia
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in 13
Market Snapshot
CommercialRM672,500
RM782 psfMedian transaction price
The Palazzia, 11700 Gelugor, Pulau Pinang, Malaysia
MapsThe Palazzia in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM673K and a median price per square foot (PSF) of RM782.
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 RM673K, with most transactions falling within a stable range of RM510K to RM835K, and a typical market range of RM586K to RM759K.
Most transactions involved office lot, though some variety exists in the market.
For price per square foot, the median is RM782, with most transactions between RM761 and RM803. The usual range is RM704.80 to RM858.80, showing that most units are priced quite close to each other. With an IQR of RM154.00 and MAD of RM21, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.