Penang
Timur Laut
Georgetown
GEMBIRA PARADE

GEMBIRA PARADE

Area Intelligence

2022

Median Price

RM 307,500

PSF: RM 893

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Commercial PSF Trends

Median Price

RM 307,500

RM 893 PSF

GEMBIRA PARADE in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 308K and a median price per square foot (PSF) of RM 893.

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 308K, with most transactions falling within a stable range of RM 300K to RM 315K, and a typical market range of RM 304K to RM 311K.

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

For price per square foot, the median is RM 893, with most transactions between RM 871 and RM 915. The usual range is RM 830.50 to RM 955.50, showing that most units are priced quite close to each other. With an IQR of RM 125.00 and MAD of RM 22, the PSF demonstrates reasonable consistency across the market.

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.

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GEMBIRA PARADE, Timur Laut, Penang

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