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 18
|
RM 500,000
|
RM 553
|
904 sqft
|
|
Condo |
|
Level 21
|
RM 500,000
|
RM 553
|
904 sqft
|
|
Condo |
| 2022 | |||||
|
Level G
|
RM 851,000
|
RM 941
|
904 sqft
|
|
Shop |
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Market Snapshot
ResidentialRM 500,000
RM 553 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 875 and 924 sqft, with a median price of RM 500K and a median price per square foot (PSF) of RM 553.
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 500K, with most transactions falling within a stable range of RM 500K to RM 665K, and a typical market range of RM 500K to RM 556K.
Most transactions involved low-cost houselow-cos, with minimal variety in property types.
Price per square foot shows a median of RM 553, though individual units vary from RM 370 to RM 736 in the core range. The broader market spans RM 508.24 to RM 597.74, indicating diverse property characteristics. A wider spread (IQR: RM 89.50) and deviation (MAD: RM 183) indicate significant PSF variations, likely due to diverse property types or conditions.
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.