Prai

Median Price

RM 408k

Based on 434 units sold preceding 12 mths.

Annual Growth

24.4%

Compound annual growth rate in median price.

Prai is an urban settlement in the city of Seberang Perai. Prai is located at the southern bank of the Perai River and borders Butterworth to the north. Prai was an area that was obtained by the British East India Company back in the 1800 with the Perai River and served as the boundary between the newly-acquired British territory and Kedah to the north. Prai is now home to an industrial estate and is connected to Penang Island via the Penang Bridge.

Prai is a well connected town with roads connecting the town to its neighbouring cities and towns. There are a number of major highways that runs through Prai and connects Prai to other towns and cities. The North – South Expressway is the major highway that connects Prai to towns and cities such as Seberang Jaya, Permatang Pauh, Kulim, Alor Setar and Ipoh.

Prai is a town that houses a number of shopping malls within the entire Seberang Perai. It is a shopping haven as the largest shoppings malls such as Megamal Pinang and Sunway Carnival Mall are all located in Prai. Visitors can enjoy other activities apart from shopping which are bowling, movies and arcade games. GEM Megamall is currently under development and is said will be the largest shopping mall within northern Malaysia and will feature the first ice-skating rink in northern Malaysia, a 38-lane bowling alley and Golden Screen Cinema’s largest cineplex. There are other things that one can do apart from shopping such as visiting the Penang Bird Park that features rare birds and has shows to showcase the variety of birds or taking a walk along the beach while enjoying the serene view at Jerejak Island.

Penang is well known for its variety of cuisine from local to western. Since the demographics of the district vary, those in Prai are spoilt for choices from hawker stalls that serve amazing local cuisine to fancy restaurants that have international cuisine as options or even fusion dishes. Apart from that, for those who enjoy cooking and preparing their own meals, there are supermarkets in the area that they can frequent to get their groceries from. Econsave Butterworth, Great One Ninety Enterprise and Sam’s Groceria are among the many supermarkets that are made available in and around Prai.

Prai is a beautiful town that is great to call home and it is a plus for those who enjoy living next to the coastal lines and marvelling at the view every day. Prai does not lack medical attention either as there are hospitals in the surrounding area such as Hospital Seberang Jaya, Pulau Pinang Hospital, Sunway Medical Centre Seberang Jaya, KPJ Penang Specialist Hospital and Bagan Specialist Centre among many others in the area.

Prai is an ideal location for families to live in as there are various amenities easily accessible in the town. There are a variety of schools available in Prai.  Parents can choose from the plethora of schools available in the area. SK Seberang Jaya 2, SK St Mark Perai, SMK Perai, SJK (T) Perai and SK Jalan Baharu are some of the public schools available in Prai. Wing International and Chinese Taipei School Penang are the only international schools in close proximity to Prai.

Prai is a town that is mainly made up of freehold properties. The median price for the properties in Prai averages at RM 347 k. There are a total of 194 project listings as of now in Prai. This showcases the variety of property type that home owners and investors can browse through to find the one they fancy such as Gem Residences, Evoke Residence @ Gravitas Prai Penang, Meritus Residensi, Casa Perdana and Laguna Indah.

Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 303 listings in Prai, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.

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Property News

Report: Property Tycoon Desmond Lim Eyes Subang Airport Takeover Report: Property Tycoon Desmond Lim Eyes Subang Airport Takeover ⋅ May 07 It's reported that Subang Skypark Sdn Bhd has proposed “to enter a new concession to operate the entire Sultan Abdul Aziz Shah Airport area until 2092, developing it to b...
Any Proposal To Redevelop Subang Airport Is Still At Preliminary Stage, Says MoT Any Proposal To Redevelop Subang Airport Is Still At Preliminary Stage, Says MoT ⋅ May 10 In responding to reports of a possible takeover of the airport, MoT explained that it is a “common practice for the market to submit proposals to the government via an op...
Mah Sing Inks Second Land Deal In 2021; To Develop M Astra With Estimated GDV Of Approximately RM618 Million Mah Sing Inks Second Land Deal In 2021; To Develop M Astra With Estimated GDV Of Approximately RM618 Million ⋅ May 08 Mah Sing Group Berhad today acquires a new prime land in Mukim ...
Malaysia's GDP Growth To Stand At 0.5% In Q1 2021, Says Moody's Analytics Malaysia's GDP Growth To Stand At 0.5% In Q1 2021, Says Moody's Analytics ⋅ May 11 It said that while the country faced a severe resurgence of COVID-19 cases which peaked in February 2021 as well as tighter restrictions that dampened domestic consumptio...
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