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. The median price is RM 489K, with most transactions falling within a stable range of RM 445K to RM 911K, and a typical market range of RM 445K to RM 557K.

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

Price per square foot shows a median of RM 382, though individual units vary from RM 66 to RM 697 in the core range. The broader market spans RM 346.75 to RM 416.25, indicating diverse property characteristics. A wider spread (IQR: RM 69.50) and deviation (MAD: RM 316) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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THE PROMINENCE, Seberang Perai Tengah, Penang

OSM

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Transactions

12 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

Road	Price	Land PSF	Land	Date	Type

1,150 sqft

Condo/Apartment

1,150 sqft

Condo/Apartment

RM 488,000

Level 12

1,152 sqft · RM 424 PSF

Sep 2023

Level 12

RM 488,000

RM 424

1,152 sqft

Sep 2023

1,250 sqft

Condo/Apartment

1,250 sqft

Condo/Apartment

RM 470,000

Level 26

1,270 sqft · RM 370 PSF

Dec 2023

RM 445,000

Level 13

1,273 sqft · RM 350 PSF

Aug 2023

RM 600,000

Level 9

1,273 sqft · RM 471 PSF

Jun 2023

Level 26	RM 470,000	RM 370	1,270 sqft	Dec 2023
Level 13	RM 445,000	RM 350	1,273 sqft	Aug 2023
Level 9	RM 600,000	RM 471	1,273 sqft	Jun 2023

1,350 sqft

3-Storey Shop

1,350 sqft

3-Storey Shop

RM 1,650,000

LORONG PERDA UTAMA 3

1,356 sqft · RM 1,217 PSF

Jun 2023

RM 1,610,000

LORONG PERDA UTAMA 3

1,356 sqft · RM 1,187 PSF

May 2023

LORONG PERDA UTAMA 3	RM 1,650,000	RM 1,217	1,356 sqft	Jun 2023
LORONG PERDA UTAMA 3	RM 1,610,000	RM 1,187	1,356 sqft	May 2023

1,500 sqft

Condo/Apartment

1,500 sqft

Condo/Apartment

RM 465,000

Level 10

1,508 sqft · RM 308 PSF

Jun 2023

RM 470,000

Level 14

1,508 sqft · RM 312 PSF

May 2023

RM 458,000

Level 8

1,508 sqft · RM 304 PSF

Apr 2023

RM 600,000

Level 13

1,507 sqft · RM 398 PSF

Feb 2023

RM 490,000

Level 11

1,508 sqft · RM 325 PSF

Jan 2023

Level 10	RM 465,000	RM 308	1,508 sqft	Jun 2023
Level 14	RM 470,000	RM 312	1,508 sqft	May 2023
Level 8	RM 458,000	RM 304	1,508 sqft	Apr 2023
Level 13	RM 600,000	RM 398	1,507 sqft	Feb 2023
Level 11	RM 490,000	RM 325	1,508 sqft	Jan 2023