Penang
Seberang Perai Tengah
6
THE PROMINENCE

THE PROMINENCE

Area Intelligence

2022

Median Price

RM 566,500

PSF: RM 376

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Residential PSF Trends

Median Price

RM 566,500

PSF: RM 376

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, priced between RM 500K and RM 750K, with a median price of RM 567K and a median price per square foot (PSF) of RM 376.

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 567K, with most transactions falling within a stable range of RM 533K to RM 600K, and a typical market range of RM 533K to RM 600K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 376, with most transactions between RM 353 and RM 398. The usual range is RM 341.06 to RM 410.56, 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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