Penang
Barat Daya
12
THE PROMENADE

THE PROMENADE

Area Intelligence

2023

Median Price

RM 357,500

PSF: RM 527

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Residential PSF Trends

Median Price

RM 357,500

PSF: RM 527

Commercial PSF Trends

Median Price

RM 775,000

RM 941 PSF

THE PROMENADE in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 358K and a median price per square foot (PSF) of RM 527.

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 358K, with most transactions falling within a stable range of RM 350K to RM 365K, and a typical market range of RM 350K to RM 365K.

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

For price per square foot, the median is RM 527, with most transactions between RM 516 and RM 538. The usual range is RM 482.25 to RM 571.75, showing that most units are priced quite close to each other. With an IQR of RM 89.50 and MAD of RM 11, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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THE PROMENADE, Barat Daya, Penang

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