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 445K to RM 533K, and a typical market range of RM 421K to RM 557K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 382, with most transactions between RM 345 and RM 419. The usual range is RM 346.75 to RM 416.25, showing that most units are priced quite close to each other. 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.
