PRANGIN MALL

PRANGIN MALL in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 405K and a median price per square foot (PSF) of RM 590.

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 405K, with most transactions falling within a stable range of RM 345K to RM 465K, and a typical market range of RM 343K to RM 468K.

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

The median PSF stands at RM 590, with core pricing between RM 528 and RM 652. Market pricing typically extends from RM 543.75 to RM 636.25, 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.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.