QUEENSBAY MALL

QUEENSBAY MALL in Barat Daya, Penang recorded 5 subsale transactions in 2022, with a median price of RM 3.24 million and a median price per square foot (PSF) of RM 4,242.

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 3.24 million, with most transactions falling within a stable range of RM 1.32 million to RM 7.38 million, and a typical market range of RM 2.20 million to RM 4.27 million.

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

Price per square foot shows a median of RM 4,242, though individual units vary from RM 1,309 to RM 7,175 in the core range. The broader market spans RM 3,133.25 to RM 5,350.75, indicating diverse property characteristics. A wider spread (IQR: RM 2,217.50) and deviation (MAD: RM 2,933) indicate significant PSF variations, likely due to diverse property types or conditions.

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.