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The Palazzia
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
CommercialRM618,000
RM803 psfMedian transaction price
The Palazzia, 11700 Gelugor, Pulau Pinang, Malaysia
MapsThe Palazzia in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM618K and a median price per square foot (PSF) of RM803.
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 RM618K, with most transactions falling within a stable range of RM510K to RM726K, and a typical market range of RM532K to RM704K.
Most transactions involved office lot, though some variety exists in the market.
The median PSF stands at RM803, with core pricing between RM695 and RM911. Market pricing typically extends from RM726.00 to RM880.00, reflecting moderate variation in unit pricing. With an IQR of RM154.00 and MAD of RM108, 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.