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.

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 346 and RM 417. 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 36, 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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