Penang
Seberang Perai Tengah
6
THE PROMINENCE

THE PROMINENCE

Area Intelligence

2023

Median Price

RM 489,000

PSF: RM 382

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Residential PSF Trends

Median Price

RM 479,000

PSF: RM 360

Commercial PSF Trends

Median Price

RM 1,630,000

RM 1,202 PSF

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 12 subsale transactions in 2023, with a median price of RM 489K and a median price per square foot (PSF) of RM 382.

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 489K, with most transactions falling within a stable range of RM 474K to RM 490K, and a typical market range of RM 445K to RM 490K.

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

The median PSF stands at RM 382, with core pricing between RM 341 and RM 422. Market pricing typically extends from RM 346.75 to RM 416.25, reflecting moderate variation in unit pricing. With an IQR of RM 69.50 and MAD of RM 40, 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 470,000

Level 26

1,270 sqft • RM 370.00 PSF

Dec 2023

RM 488,000

Level 12

1,152 sqft • RM 424.00 PSF

Sep 2023

RM 445,000

Level 13

1,273 sqft • RM 350.00 PSF

Aug 2023

RM 465,000

Level 10

1,508 sqft • RM 308.00 PSF

Jun 2023

RM 470,000

Level 14

1,508 sqft • RM 312.00 PSF

May 2023

RM 458,000

Level 8

1,508 sqft • RM 304.00 PSF

Apr 2023

RM 490,000

Level 11

1,508 sqft • RM 325.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
Level 26	RM 470,000	RM 370.00	1,270 sqft	Dec 2023	Condo/Apartment
Level 12	RM 488,000	RM 424.00	1,152 sqft	Sep 2023	Condo/Apartment
Level 13	RM 445,000	RM 350.00	1,273 sqft	Aug 2023	Condo/Apartment
Level 10	RM 465,000	RM 308.00	1,508 sqft	Jun 2023	Condo/Apartment
Level 14	RM 470,000	RM 312.00	1,508 sqft	May 2023	Condo/Apartment
Level 8	RM 458,000	RM 304.00	1,508 sqft	Apr 2023	Condo/Apartment
Level 11	RM 490,000	RM 325.00	1,508 sqft	Jan 2023	Condo/Apartment