THE PROMENADE

Area Intelligence
2021
Median Price
RM 470,000
PSF: RM 487

Residential PSF Trends

Median Price

RM 470,000

PSF: RM 487

Commercial PSF Trends

Median Price

RM 775,000

RM 941 PSF

THE PROMENADE in Barat Daya, Penang recorded 4 subsale transactions in 2021, with a median price of RM 470K and a median price per square foot (PSF) of RM 487.

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 470K, with most transactions falling within a stable range of RM 430K to RM 608K, and a typical market range of RM 430K to RM 526K.

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

The median PSF stands at RM 487, with core pricing between RM 430 and RM 544. Market pricing typically extends from RM 442.25 to RM 531.75, reflecting moderate variation in unit pricing. With an IQR of RM 89.50 and MAD of RM 57, 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

4 transactions grouped by size

850 sqft
Condo/Apartment
RM 500,000
Level 16
850 sqft · RM 588 PSF
RM 430,000
Level 9
850 sqft · RM 506 PSF
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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