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 1,984 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
1,600 sf - 1,984 sf
Market Price
RM520,000 - RM590,000
Total Units
227 Units
Completion Date
Launch Price

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, SMK Seri Balik Pulau, Sekolah Didikan Agama Islam Kampung Paya and Surau Al Ubudiah SMK Seri Balik Pulau.

The current rental yield of Palmyra Residences is around 3.46%, compared to 2.17% a year ago in Q3 2018. The highest rental yield ever recorded was 4.27% in Q3 2014; while the lowest one was 1.87% in Q1 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 3-bedroom / 1,984 sf with a median price of RM260 psf.

Latest Palmyra Residences sale listings:

DateProperty TypeBuilt-upPrice
27 Oct 2023Terrace-NA-RM560,000
5 Oct 2023Terrace1,625 sfRM680,000
17 Aug 2023Terrace1,625 sfRM520,000
16 Aug 2023Terrace1,625 sfRM629,000
15 Aug 2023Terrace1,625 sfRM628,000
15 Aug 2023Terrace1,625 sfRM570,000
11 Aug 2023Terrace1,625 sfRM508,000
8 Aug 2023Terrace1,625 sfRM590,000
8 Aug 2023Terrace1,625 sfRM585,000
16 Nov 2022Terrace1,625 sfRM580,000

Latest Palmyra Residences rental listings:

DateProperty TypeBuilt-upRental
13 Sep 2023Terrace1,625 sfRM1,500
23 May 2020Terrace1,650 sfRM1,000
11 May 2020Terrace1,200 sfRM900
6 Jan 2020Terrace1,625 sfRM1,000
28 Jul 2019Terrace1,625 sfRM1,000
2 Nov 2018Terrace1,625 sfRM949
3 Oct 2018Terrace1,400 sfRM899
9 Jul 2018Terrace1,400 sfRM899
25 May 2018Terrace1,625 sfRM949
25 Apr 2018Terrace1,400 sfRM899
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