THE PROMINENCE

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 1.65 million and a median price per square foot (PSF) of RM 1,217.

This area contains both residential and commercial properties. View 30 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.65 million, with most transactions falling within a stable range of RM 1.13 million to RM 1.65 million, and a typical market range of RM 1.58 million to RM 1.65 million.

Most transactions involved condominium/apartment, though some variety exists in the market.

Price per square foot shows a median of RM 1,217, though individual units vary from RM 812 to RM 1,622 in the core range. The broader market spans RM 1,181.00 to RM 1,253.00, indicating diverse property characteristics. A wider spread (IQR: RM 72.00) and deviation (MAD: RM 405) indicate significant PSF variations, likely due to diverse property types or conditions.

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.