Prangin Mall, Georgetown

Prangin Mall is a freehold shopping mall that is located in Georgetown, Penang Island. The built-up available at this property is 452 sf to 835 sf. Other neighbouring developments nearby here are 1st Avenue, GurneyWalk and Maritime Automall.

Property Type
Shopping Mall
Land Tenure
452 sf - 835 sf
Market Price
RM510,000 - RM2,060,000
Total Units
Completion Date
Launch Price

This shopping mall has some amenities nearby, such as universities, schools and hospitals. The following are some of the main universities here:

As for schools, there are Methodist Boys School Acs Union, Penang Free School and Sekolah Menangah Kebangsaan Agama (Perempuan) Al Mashoor. There are also some hospitals here, e.g. Lam Wah Ee Hospital Tcm Branch and Peace Medical Centre.

The current rental yield of Prangin Mall is around 5.21%, compared to 2.78% 2 years ago in Q3 2021. The highest rental yield ever recorded was 18.58% in Q2 2016; while the lowest one was 1.82% in Q4 2014. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Prangin Mall is 468 sf with a median price of RM1,130 psf. For price wise, the most expensive one is 835 sf with a median price of RM2,470 psf; while the cheapest one is 452 sf with a median price of RM1,130 psf.

Latest Prangin Mall sale listings:

DateProperty TypeBuilt-upPrice
22 Jan 2024Retail468 sfRM600,000
4 Jan 2024Retail499 sfRM950,000
31 Aug 2023Retail468 sfRM600,000
18 Aug 2023Retail468 sfRM530,000
19 Jun 2023Retail613 sfRM1,600,000
19 Jun 2023Retail457 sfRM228,000
19 Jun 2023Retail499 sfRM950,000
3 Jun 2023Retail343 sfRM220,000
8 May 2023Retail490 sfRM150,000
28 Mar 2023Retail850 sfRM2,000,000

Latest Prangin Mall rental listings:

DateProperty TypeBuilt-upRental
4 Jan 2024Retail499 sfRM1,600
1 Sep 2023Retail490 sfRM2,300
18 Aug 2023Retail468 sfRM2,300
17 Aug 2023Retail355 sfRM750
14 Aug 2023Retail452 sfRM2,000
1 Jul 2023Retail613 sfRM7,500
19 Jun 2023Retail499 sfRM1,600
6 Jun 2023Retail613 sfRM7,500
8 May 2023Retail4,690 sfRM16,500
3 May 2023Retail1,439 sfRM5,000
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