THE PROMENADE

Area Intelligence
2023
Median Price
RM 570,000
PSF: RM 503

Residential PSF Trends

Median Price

RM 570,000

PSF: RM 503

Commercial PSF Trends

Median Price

RM 775,000

RM 941 PSF

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 570K to RM 624K, and a typical market range of RM 570K to RM 626K.

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

The median PSF stands at RM 503, with core pricing between RM 452 and RM 554. Market pricing typically extends from RM 458.25 to RM 547.75, reflecting moderate variation in unit pricing. With an IQR of RM 89.50 and MAD of RM 51, 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.

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THE PROMENADE, Barat Daya, Penang

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Transactions

9 transactions grouped by size

700 sqft
Condo/Apartment
RM 365,000
Level 8
678 sqft · RM 538 PSF
RM 350,000
Level 18
678 sqft · RM 516 PSF
1,000 sqft
Condo/Apartment
RM 495,000
Level 7
1,012 sqft · RM 489 PSF
RM 589,000
Level 27
1,012 sqft · RM 582 PSF
1,150 sqft
Condo/Apartment
RM 590,000
Level 22
1,173 sqft · RM 503 PSF
1,200 sqft
Condo/Apartment
RM 570,000
Level 8
1,178 sqft · RM 484 PSF
1,300 sqft
Condo/Apartment
RM 598,000
Level 18
1,292 sqft · RM 463 PSF
RM 570,000
Level 11
1,292 sqft · RM 441 PSF
RM 725,000
Level 27
1,292 sqft · RM 561 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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