Area Intelligence

KAWASAN PENGKALAN WELD

1 properties
3-Storey Storey Shop
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Median Price
RM 2,020,000
PSF: RM 950

Commercial Market

Median Price

RM 2,020,000

IQR: RM 262
MAD: RM 23
RM 950 PSF 1.2%

PSF Trends (2021-2025)

KAWASAN PENGKALAN WELD in Timur Laut, Penang recorded 1 3-Storey Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey storey shop properties, with a median price of RM 2.02 million and a median price per square foot (PSF) of RM 950.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Within the 3-Storey Storey Shop category, 3 - 3 1/2 storey shop dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 950, with most transactions between RM 950 and RM 950. The usual range is RM 819.00 to RM 1,081.00, showing that most units are priced quite close to each other. With an IQR of RM 262.00 and MAD of RM 0, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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KAWASAN PENGKALAN WELD, Timur Laut, Penang

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Transactions

1 properties grouped by size

2,150 sqft
1 units 3-Storey Storey Shop
RM 2,020,000
LEBUH VICTORIA
2,127 sqft · RM 950.00 PSF
Mar 2022