THE PROMINENCE

Area Intelligence
2024
Median Price
RM 470,000
PSF: RM 382

Residential PSF Trends

Median Price

RM 470,000

PSF: RM 382

Commercial PSF Trends

Median Price

RM 1,650,000

RM 1,217 PSF

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2024, with a median price of RM 470K 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. The median price is RM 470K, with most transactions falling within a stable range of RM 411K to RM 529K, and a typical market range of RM 402K to RM 538K.

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 418. The usual range is RM 347.25 to RM 416.75, 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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Transactions

8 transactions grouped by size

1,150 sqft
Condo/Apartment
RM 422,000
Level 23
1,152 sqft · RM 366 PSF
RM 400,000
Level 19
1,152 sqft · RM 347 PSF
RM 450,000
Level 27
1,152 sqft · RM 391 PSF
RM 435,000
Level 11
1,152 sqft · RM 378 PSF
1,250 sqft
Condo/Apartment
RM 560,000
Level 24
1,270 sqft · RM 441 PSF
RM 490,000
Level 20
1,270 sqft · RM 386 PSF
RM 565,000
Level 17
1,270 sqft · RM 445 PSF
1,550 sqft
Condo/Apartment
RM 520,000
Level 29
1,528 sqft · RM 340 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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