PRANGIN MALL

PRANGIN MALL in Timur Laut, Penang recorded 1 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 436.

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 250K, with most transactions falling within a stable range of RM 190K to RM 310K, and a typical market range of RM 188K to RM 313K.

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

The median PSF stands at RM 436, with core pricing between RM 374 and RM 498. Market pricing typically extends from RM 389.75 to RM 482.25, reflecting moderate variation in unit pricing. With an IQR of RM 92.50 and MAD of RM 62, 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.