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 533K to RM 521K, and a typical market range of RM 533K to RM 556K.

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 334 and RM 379. The usual range is RM 321.90 to RM 391.40, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 22, 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

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