The Promenade
5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 15
|
RM 480,000
|
RM 564
|
850 sqft
|
|
Condo |
| 2021 | |||||
|
Level 16
|
RM 500,000
|
RM 588
|
850 sqft
|
|
Condo |
|
Level 9
|
RM 430,000
|
RM 506
|
850 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 480,000
RM 564 psfMedian transaction price
5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsThe Promenade in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 825 and 874 sqft, with a median price of RM 480K and a median price per square foot (PSF) of RM 564.
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 480K, with most transactions falling within a stable range of RM 451K to RM 500K, and a typical market range of RM 430K to RM 500K.
Most transactions involved low-cost houselow-cos, with minimal variety in property types.
For price per square foot, the median is RM 564, with most transactions between RM 530 and RM 599. The usual range is RM 519.72 to RM 609.22, showing that most units are priced quite close to each other. With an IQR of RM 89.50 and MAD of RM 35, 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.