Penang
Barat Daya
12
THE PROMENADE

THE PROMENADE

Area Intelligence

2022

Median Price

RM 775,000

PSF: RM 941

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 492

Commercial PSF Trends

Median Price

RM 775,000

RM 941 PSF

THE PROMENADE in Barat Daya, Penang recorded 2 subsale transactions in 2022, with a median price of RM 775K and a median price per square foot (PSF) of RM 941.

This area contains both residential and commercial properties. View 24 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 775K, with most transactions falling within a stable range of RM 699K to RM 851K, and a typical market range of RM 719K to RM 831K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 941, with most transactions between RM 941 and RM 941. The usual range is RM 896.25 to RM 985.75, showing that most units are priced quite close to each other. With an IQR of RM 89.50 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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THE PROMENADE, Barat Daya, Penang

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