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 500K to RM 640K, 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 455 and RM 552. 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 49, 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.
