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 444K to RM 532K, and a typical market range of RM 419K to RM 556K.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 357, with core pricing between RM 320 and RM 394. Market pricing typically extends from RM 322.25 to RM 391.75, reflecting moderate variation in unit pricing. With an IQR of RM 69.50 and MAD of RM 37, 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.
