Prangin Mall is a well-known commercial outlet located in the Georgetown city centre of Penang. The mall is located just beside Komtar tower and has been open to the public since 2001. The single-block shopping centre comprises 6 storeys of retail outlets and several levels of parking areas (2 basement, 3 upper floors).
Outlets at Prangin Mall are mostly those of the affordable range, catering to a wide population of the lower to middle group. The anchor tenant of the mall is a Parkson Grand departmental store, which had taken over the dwindling Super Department Store that used to be in its place. There is also a range of other main tenants, including a Popular bookstore, Giant supermarket, and a Cathay Cineplex. Food and beverage outlets can also be found in a good variety of big chains like Starbucks and Sushi King, as well as fast food outlets like McDonalds.
Most of the leasehold units at Prangin Mall are at least 343 sf in built-up space, with prices on the market beginning from RM220,000. Rental is about RM1,300 per month, differing based on the size and which level the units are located.
Prangin Mall is centrally located within Georgetown, with a good network of roads leading to and from the mall. Major roads within the vicinities of the property are Jalan Magazine, Jalan Penang, Lebuh Carnarvon, Jalan Burma, Jalan Macalister and Jalan Dato Keramat. Pengkalan Weld and the Tun Dr. Lim Chong Eu Expressway are also just a minute’s drive from the mall.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Prangin Mall | 2001 | From RM220,000 | From RM1,300 | NIL | NIL |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Birch The Regency | 2009 |
RM445,000
-
RM750,000
RM 468 psf - RM 736 psf |
RM1,400 - RM1,400 | NIL | 4.04 % |
| Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
| Birch The Plaza | 2008 |
RM445,000
-
RM1,600,000
RM 468 psf - RM 900 psf |
RM1,400 - RM1,400 | NIL | 2.93 % |
| Harbour Trade Centre | 2005 | From RM350,000 | From RM1,300 | NIL | NIL |
| Taman Harbour View | 1995 |
RM320,000
-
RM320,000
RM 457 psf - RM 457 psf |
RM900 - RM900 | NIL | 3.38 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | RM 645 psf |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 22,000 |
| Loan Amount ( 90 %) | RM 198,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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