Penang
Barat Daya
12
QUEENSBAY MALL

QUEENSBAY MALL

Area Intelligence

2024

Median Price

RM 1,054,000

PSF: RM 2,361

Facebook X (Twitter)

Commercial PSF Trends

Median Price

RM 1,054,000

RM 2,361 PSF

QUEENSBAY MALL in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 1.05 million and a median price per square foot (PSF) of RM 2,361.

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 RM 1.05 million, with most transactions falling within a stable range of RM 32K to RM 2.08 million, and a typical market range of RM 20K to RM 2.09 million.

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

Price per square foot shows a median of RM 2,361, though individual units vary from RM 1,797 to RM 2,925 in the core range. The broader market spans RM 1,252.25 to RM 3,469.75, indicating diverse property characteristics. The spread of RM 2,217.50 (IQR) and deviation of RM 564 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Loading map...

QUEENSBAY MALL, Barat Daya, Penang

OSM