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
|
|---|---|---|---|---|---|
| 2021 | |||||
|
Level 20
|
RM 440,000
|
RM 435
|
1,012 sqft
|
|
Condo |
|
Level 16
|
RM 500,000
|
RM 588
|
850 sqft
|
|
Condo |
|
Level 20
|
RM 770,000
|
RM 468
|
1,647 sqft
|
|
Condo |
|
Level 9
|
RM 430,000
|
RM 506
|
850 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 470,000
RM 487 psfMedian transaction price
5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsThe Promenade in Barat Daya, Penang recorded 4 subsale transactions in 2021, with a median price of RM 470K and a median price per square foot (PSF) of RM 487.
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 470K, with most transactions falling within a stable range of RM 430K to RM 608K, and a typical market range of RM 430K to RM 526K.
Most transactions involved low-cost houselow-cos, with minimal variety in property types.
The median PSF stands at RM 487, with core pricing between RM 429 and RM 544. Market pricing typically extends from RM 441.86 to RM 531.36, reflecting moderate variation in unit pricing. With an IQR of RM 89.50 and MAD of RM 57, 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.