GREEN LANE

Penang, Malaysia

Nearby Neighbourhood
34
Properties within neighbourhood
0
Convenience Store
0
Shopping Malls
0
Supermarkets & Markets
0
Public Transport
0
Educations
2
Places of Worship
0
Medicals
0
Banks
1
Petrol Station

low

Crime Level

Tun Dr Lim Chong Eu Expressway

Highways

NIL

Upcoming Developments
Find Me A Good Deal
About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

Did you know?

Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Green Lane *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

Compare Neighbourhoods

Farlim Gelugor Jelutong

Click on these neighbourhoods to begin comparison now

View full details of your recently searched neighbourhoods.

Neighbourhood Review

Accessibility
Traffic
Safety
Convenience

Green Lane is in actuality not really a township in Penang, it is more of a major road which residential and commercial developments have sprung up on its sides. It is however a major suburb, where two of Penang’s most prominent schools, Penang Free School and Convent Green Lane are located.

As atypical as it is in a historical state like Penang, Green Lane came into existence in the early 1900s. It was originally a small farming community, which later became a major road due to its nature. Green Lane stretches from Jelutong Road to the Air Itam Road, and provides great accessibility to motorists.

Green Lane is now more of a busy commercial area more than anything else. Aside from its two landmark schools, it now also hosts the Chung Hwa Confucian High School. The Lam Wah Ee Hospital and the newer Tropicana Medical Centre is also located here, and the local hypermarket; Tesco Jelutong; is also here. Green Lane is also host to several holy institutions such as the Cathedral of the Holy Spirit, Trinity Methodist Church, Wat Pinbang-Onn and Wat Nai. The latter two are Thai Buddhist temples.

Green Lane is also otherwise known as Jalan Masjid Negeri, which none of the locals refer to it as such. It is a major trunk road in itself, and provides connectivity to Jalan Yap Chor Ee and the main highway of Lebuhraya Tun Dr Lim Chong Eu. Residents of Green Lane hence have easy access to Gelugor.

Green Lane is served by the local bus service, Rapid Penang. Busses number 103 and and 206 pass through Green Lane, of which the former goes to Batu Ferringhi and the Penang International Airport, while the latter goes to Komtar and the Tesco hypermarket in Jelutong. Anticipated to have an increase in traffic due to the development of the second Penang Bridge south of the island completed in September 2013, Green Lane was widened.

The convenience of their location provides them access to the Penang Bridge in only 10 minutes, while due to their centrality, Georgetown is only 20 minutes away. The Penang International Airport is equally as near at approximately 20 minutes away, while the Penang mainland is also only about 20 minutes away.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

Let Our Community Help You

With PropSocial, everyone can now find their dream home. Looking for a home in Green Lane Fill in your details and we will get right back to you!

Properties Within This Neighbourhood

Recommended Listing Within This Neighbourhood

Community of Green Lane


  Be the first to rate and review Green Lane
Not Logged in
Not Logged in Not Logged in
Traffic
Safety
Accessibility
Convenience

Ask a Question


Get answer