The Promenade

5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

3 subsales found

Median
RM365,000
PSF
RM538
Price Size
Period
transactions middle 50% (P25–P75)
RM400,000
Level 24
678 sqft RM590 PSF
RM365,000
Level 8
678 sqft RM538 PSF
RM350,000
Level 18
678 sqft RM516 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM365,000

RM538 psf

Median transaction price

Average

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5, Persiaran Mahsuri, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Maps

The Promenade in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 675 and 724 sqft, with a median price of RM365K and a median price per square foot (PSF) of RM538.

This area contains both residential and commercial properties. View 24 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM365K, with most transactions falling within a stable range of RM350K to RM386K, and a typical market range of RM350K to RM400K.

Most transactions involved low-cost houselow-cos, with minimal variety in property types.

For price per square foot, the median is RM538, with most transactions between RM507 and RM569. The usual range is RM493.49 to RM582.99, showing that most units are priced quite close to each other. With an IQR of RM89.50 and MAD of RM31, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.