Penang
Seberang Perai Tengah
6
THE PROMINENCE

THE PROMINENCE

Area Intelligence

2024

Median Price

RM 560,000

PSF: RM 441

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Residential PSF Trends

Median Price

RM 560,000

PSF: RM 441

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2024, priced between RM 500K and RM 750K, with a median price of RM 560K and a median price per square foot (PSF) of RM 441.

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 560K, with most transactions falling within a stable range of RM 540K to RM 565K, and a typical market range of RM 520K to RM 565K.

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

The median PSF stands at RM 441, with core pricing between RM 392 and RM 489. Market pricing typically extends from RM 406.15 to RM 475.65, reflecting moderate variation in unit pricing. With an IQR of RM 69.50 and MAD of RM 48, 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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