THE PROMENADE

THE PROMENADE in Barat Daya, Penang recorded 5 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 494.

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 480K to RM 646K, and a typical market range of RM 480K to RM 556K.

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

Price per square foot shows a median of RM 494, though individual units vary from RM 264 to RM 724 in the core range. The broader market spans RM 449.25 to RM 538.75, indicating diverse property characteristics. A wider spread (IQR: RM 89.50) and deviation (MAD: RM 230) 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.