Palmyra Residences, Balik Pulau

Palmyra Residences is a freehold landed housing estate that is located in Balik Pulau, Penang Island. There are 227 units available in this housing estate with built-up from 1,600 sf to 1,625 sf. It was developed by Belleview Group.

Belleview Group is a mid-sized real estate group, and it has undertaken around 17 real estate projects in Malaysia. Other similar projects by the same developer are 6 Western Avenue, Miami Bay and Slim Villas.

Property Type
Landed Housing
Land Tenure
Freehold
Built-up
1,600 sf - 1,625 sf
Market Price
RM580,000 - RM590,000
Total Units
227 Units
Completion Date
-NA-
Launch Price
-NA-

The only amenities nearby this landed housing estate are some schools. Several of the schools here are Asrama SMK Seri Balik Pulau, SK Balik Pulau, SK Genting and SMK Seri Balik Pulau.

The current rental yield of Palmyra Residences is around 3.35%, compared to 2.19% 3 years ago in Q2 2016. The highest rental yield ever recorded was 4.04% in Q4 2014; while the lowest one was 1.93% in Q2 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Palmyra Residences is 4-bedroom / 1,625 sf with a median price of RM360 psf. For price wise, the most expensive one is 4-bedroom / 1,625 sf with a median price of RM360 psf; while the cheapest one is 4-bedroom / 1,600 sf with a median price of RM360 psf.

Latest Palmyra Residences sale listings:

DateProperty TypeBuilt-upPrice
TodayTerrace1,625 sfRM520,000
22 Sep 2024Terrace1,622 sfRM405,000
29 Jul 2024Terrace1,989 sfRM454,000
6 Jun 2024Terrace-NA-RM450,000
3 Mar 2024Terrace-NA-RM504,000
26 Feb 2024Terrace1,624 sfRM504,000
27 Oct 2023Terrace-NA-RM560,000
5 Oct 2023Terrace1,625 sfRM680,000
17 Aug 2023Terrace1,625 sfRM520,000
16 Aug 2023Terrace1,625 sfRM629,000

Latest Palmyra Residences rental listings:

DateProperty TypeBuilt-upRental
23 May 2020Terrace1,650 sfRM1,000
11 May 2020Terrace1,200 sfRM900
6 Jan 2020Terrace1,625 sfRM1,000
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