THE PROMENADE

THE PROMENADE in Barat Daya, Penang recorded 9 subsale transactions in 2023, with a median price of RM 570K and a median price per square foot (PSF) of RM 503.

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 570K, with most transactions falling within a stable range of RM 458K to RM 682K, and a typical market range of RM 514K to RM 626K.

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

For price per square foot, the median is RM 503, with most transactions between RM 460 and RM 546. The usual range is RM 458.25 to RM 547.75, showing that most units are priced quite close to each other. With an IQR of RM 89.50 and MAD of RM 43, 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.