The Promenade

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

Property Transactions

3 subsales found

Median
RM480,000
PSF
RM564
Price Size
Period
transactions middle 50% (P25–P75)
RM480,000
Level 15
850 sqft RM564 PSF
RM500,000
Level 16
850 sqft RM588 PSF
RM430,000
Level 9
850 sqft RM506 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM480,000

RM564 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 825 and 874 sqft, with a median price of RM480K and a median price per square foot (PSF) of RM564.

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 RM480K, with most transactions falling within a stable range of RM451K to RM500K, and a typical market range of RM430K to RM500K.

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

For price per square foot, the median is RM564, with most transactions between RM530 and RM599. The usual range is RM519.72 to RM609.22, showing that most units are priced quite close to each other. With an IQR of RM89.50 and MAD of RM35, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.