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.

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 357 and RM 357. The usual range is RM 322.25 to RM 391.75, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 0, 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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