Penang
Seberang Perai Tengah
6
THE PROMINENCE

THE PROMINENCE

Area Intelligence

2022

Median Price

RM 487,500

PSF: RM 357

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Residential PSF Trends

Median Price

RM 485,000

PSF: RM 354

Commercial PSF Trends

Median Price

RM 1,680,000

RM 1,239 PSF

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 31 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 470K to RM 498K, and a typical market range of RM 450K to RM 498K.

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

For price per square foot, the median is RM 357, with most transactions between RM 325 and RM 389. The usual range is RM 322.25 to RM 391.75, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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THE PROMINENCE, Seberang Perai Tengah, Penang

OSM

Track location

Transactions

7 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 458,000

Level 9

1,273 sqft • RM 360.00 PSF

Sep 2022

RM 485,000

Level 21

1,508 sqft • RM 322.00 PSF

Aug 2022

RM 465,000

Level 28

1,162 sqft • RM 400.00 PSF

Jun 2022

RM 490,000

Level 15

1,273 sqft • RM 385.00 PSF

Jun 2022

RM 460,000

Level 10

1,507 sqft • RM 305.00 PSF

Apr 2022

RM 498,000

Level 14

1,508 sqft • RM 330.00 PSF

Apr 2022

RM 450,000

Level 32

1,273 sqft • RM 354.00 PSF

Jan 2022

Road	Price	Land PSF	Land	Date	Type
Level 9	RM 458,000	RM 360.00	1,273 sqft	Sep 2022	Condo/Apartment
Level 21	RM 485,000	RM 322.00	1,508 sqft	Aug 2022	Condo/Apartment
Level 28	RM 465,000	RM 400.00	1,162 sqft	Jun 2022	Condo/Apartment
Level 15	RM 490,000	RM 385.00	1,273 sqft	Jun 2022	Condo/Apartment
Level 10	RM 460,000	RM 305.00	1,507 sqft	Apr 2022	Condo/Apartment
Level 14	RM 498,000	RM 330.00	1,508 sqft	Apr 2022	Condo/Apartment
Level 32	RM 450,000	RM 354.00	1,273 sqft	Jan 2022	Condo/Apartment