THE PROMENADE

THE PROMENADE in Barat Daya, Penang recorded 24 Condo/Apartment properties subsale transactions between 2021 and 2025 for condo/apartment properties, with a median price of RM 500K and a median price per square foot (PSF) of RM 492.

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 500K, with most transactions falling within a stable range of RM 403K to RM 597K, and a typical market range of RM 444K to RM 556K.

Within the Condo/Apartment category, condominium/apartment dominated the market, with minimal variety in property types.

The median PSF stands at RM 492, with core pricing between RM 442 and RM 541. Market pricing typically extends from RM 446.75 to RM 536.25, reflecting moderate variation in unit pricing. 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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.