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ALILA 2 Transaction Price & PSF

ALILA 2 · Condominium/Apartment · Timur Laut · Pulau Pinang · Data through April 2026

Median price
RM2,277,500
Median Parcel PSF
RM1,146.59 psf85.3% usable coverage
Transactions
34
Data period
April 2026From May 2021

These are transaction-based market benchmarks for the selected scope. They are not a valuation of an individual unit.

This article provides a targeted view of the residential market for the ALILA scheme in Pulau Pinang, focusing on the Condominium/Apartment segment. The aim is to explain how to interpret the transaction benchmarks without projecting demand, appreciation, or investment outcomes.

Market overview

The residential activity within the ALILA scheme shows a defined submarket focus. Transactions in this segment are concentrated around the scheme and within the primary condominium/apartment category, with price dispersion centered in the local submarket. The broader market appears more diffuse by comparison, reinforcing the idea that readers should interpret benchmarks within the context of a specific scheme and its dominant submarket rather than across unrelated categories.

Property transaction benchmark

Median Parcel PSF is shown only where sufficient usable parcel area coverage supports the calculation.

Condominium/Apartment

Transactions
34
Median price
RM2,277,500
Median parcel area
2,196 sqft
Median Parcel PSF
RM1,146.59 psf
PSF coverage
85.3%

Within the residential market, this category represents the main format tracked for the ALILA scheme. Transactions in this category reflect the core activity of the scheme.

How to interpret this market

Readers can use transaction benchmarks as a context for relative positioning within the same scheme and district. Because individual properties differ in location, layout, and condition, benchmarks should be treated as guidance rather than a guaranteed outcome. Consistency in comparing similar property types within the same scheme helps maintain a meaningful frame of reference.

Explore the wider market

Compare this scheme with the relevant district and property-type market.

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Browse current listings

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Frequently asked questions

What is the primary focus of activity within the residential market for ALILA?

Activity is concentrated around the ALILA scheme within the district and within the condominium/apartment category, reflecting the dataset's core focus.

How should readers apply transaction benchmarks in practice?

Use benchmarks as a market reference to understand relative positioning within the same scheme, while recognizing that individual properties may differ in features and timing.

Does the data provide a forecast of future price movements?

No. The data describe historical activity and distribution and do not offer forecasts or guarantees about future values.

Summary

In summary, readers should compare property types separately and use transaction benchmarks to contextualize the market within the ALILA scheme. Treat benchmarks as a reference point rather than a promise about future outcomes.

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Methodology

Median transaction price for the selected market scope.

Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.

Unavailable measurements are not estimated or inferred.

Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.

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