Prangin Mall

33-3-123A, Jalan Dr Lim Chwee Leong, 10100 George Town, Penang, Malaysia

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Prangin Mall, 33-3-123A, Jalan Dr Lim Chwee Leong, 10100 George Town, Penang, Malaysia

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Prangin Mall in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM310K and a median price per square foot (PSF) of RM559.

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 RM310K, with most transactions falling within a stable range of RM250K to RM370K, and a typical market range of RM248K to RM373K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM559, with core pricing between RM497 and RM621. Market pricing typically extends from RM512.75 to RM605.25, reflecting moderate variation in unit pricing. With an IQR of RM92.50 and MAD of RM62, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.