The Promenade

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

Property Transactions

9 subsales found

Median
RM570,000
PSF
RM503
Price Size
Period
transactions middle 50% (P25–P75)
RM365,000
Level 8
678 sqft RM538 PSF
RM598,000
Level 18
1,292 sqft RM463 PSF
RM350,000
Level 18
678 sqft RM516 PSF
RM570,000
Level 11
1,292 sqft RM441 PSF
RM570,000
Level 8
1,178 sqft RM484 PSF
RM495,000
Level 7
1,012 sqft RM489 PSF
RM589,000
Level 27
1,012 sqft RM582 PSF
RM590,000
Level 22
1,173 sqft RM503 PSF
RM725,000
Level 27
1,292 sqft RM561 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM570,000

RM503 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 9 subsale transactions in 2023, with a median price of RM570K and a median price per square foot (PSF) of RM503.

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 RM570K, with most transactions falling within a stable range of RM458K to RM682K, and a typical market range of RM514K to RM626K.

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

For price per square foot, the median is RM503, with most transactions between RM460 and RM546. The usual range is RM458.12 to RM547.62, showing that most units are priced quite close to each other. With an IQR of RM89.50 and MAD of RM43, 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.