THE PROMENADE

Area Intelligence
2021
Median Price
RM 605,000
PSF: RM 452

Residential PSF Trends

Median Price

RM 605,000

PSF: RM 452

Commercial PSF Trends

Median Price

RM 775,000

RM 941 PSF

THE PROMENADE in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 605K and a median price per square foot (PSF) of RM 452.

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 605K, with most transactions falling within a stable range of RM 440K to RM 770K, and a typical market range of RM 549K to RM 661K.

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

For price per square foot, the median is RM 452, with most transactions between RM 435 and RM 468. The usual range is RM 406.75 to RM 496.25, showing that most units are priced quite close to each other. With an IQR of RM 89.50 and MAD of RM 17, 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.

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THE PROMENADE, Barat Daya, Penang

OSM

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Transactions

2 transactions grouped by size

1,000 sqft
Condo/Apartment
RM 440,000
Level 20
1,012 sqft · RM 435 PSF
1,650 sqft
Condo/Apartment
RM 770,000
Level 20
1,647 sqft · RM 468 PSF

No Properties For Sale

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

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