THE PROMINENCE

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 10 subsale transactions in 2022, with a median price of RM 488K and a median price per square foot (PSF) of RM 357.

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 488K, with most transactions falling within a stable range of RM 450K to RM 846K, and a typical market range of RM 450K to RM 556K.

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

Price per square foot shows a median of RM 357, though individual units vary from RM 91 to RM 623 in the core range. The broader market spans RM 321.00 to RM 393.00, indicating diverse property characteristics. A wider spread (IQR: RM 72.00) and deviation (MAD: RM 266) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.