Area Intelligence

CITY PARADE(PUSAT P'GAAN MAJU)

2 properties
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Median Price
RM 757,500
PSF: RM 665

Commercial Market

Median Price

RM 757,500

IQR: RM 47
MAD: RM 47
RM 665 PSF 13.1%

PSF Trends (2021-2025)

CITY PARADE(PUSAT P'GAAN MAJU) in Seberang Perai Tengah, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 758K and a median price per square foot (PSF) of RM 665.

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 758K, with most transactions falling within a stable range of RM 665K to RM 850K, and a typical market range of RM 711K to RM 804K.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 665, with most transactions between RM 618 and RM 711. The usual range is RM 641.25 to RM 687.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 46.50 and an average deviation (MAD) of RM 47 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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CITY PARADE(PUSAT P'GAAN MAJU), Seberang Perai Tengah, Penang

OSM

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Transactions

2 properties grouped by size

1,100 sqft
1 units 3-Storey Storey Shop
RM 665,000
JALAN MEGAT HARUN
1,076 sqft · RM 618.00 PSF
Jul 2024
1,200 sqft
1 units 3-Storey Storey Shop
RM 850,000
JALAN MEGAT HARUN
1,195 sqft · RM 711.00 PSF
Jun 2023