THE PROMENADE in Barat Daya, Penang recorded 8 subsale transactions in 2024, with a median price of RM 480K and a median price per square foot (PSF) of RM 517.
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 480K, with most transactions falling within a stable range of RM 500K to RM 513K, and a typical market range of RM 500K to RM 536K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 517, with core pricing between RM 464 and RM 569. Market pricing typically extends from RM 471.75 to RM 561.25, reflecting moderate variation in unit pricing. With an IQR of RM 89.50 and MAD of RM 53, 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.
