Gembira Parade in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM308K and a median price per square foot (PSF) of RM893.

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 RM308K, with most transactions falling within a stable range of RM300K to RM315K, and a typical market range of RM304K to RM311K.

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

For price per square foot, the median is RM893, with most transactions between RM871 and RM915. The usual range is RM830.23 to RM955.23, showing that most units are priced quite close to each other. With an IQR of RM125.00 and MAD of RM22, 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.