PAN PALACE PLAZA

PAN PALACE PLAZA in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 312K and a median price per square foot (PSF) of RM 855.

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 312K, with most transactions falling within a stable range of RM 213K to RM 410K, and a typical market range of RM 262K to RM 361K.

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

Price per square foot shows a median of RM 855, though individual units vary from RM 584 to RM 1,125 in the core range. The broader market spans RM 719.25 to RM 989.75, indicating diverse property characteristics. A wider spread (IQR: RM 270.50) and deviation (MAD: RM 271) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.