The Promenade

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

Property Transactions

8 subsales found

Median
RM480,000
PSF
RM516
Price Size
Period
transactions middle 50% (P25–P75)
RM400,000
Level 24
678 sqft RM590 PSF
RM570,000
Level 8
1,292 sqft RM441 PSF
RM470,000
Level 23
980 sqft RM480 PSF
RM440,000
Level 27
980 sqft RM449 PSF
RM480,000
Level 15
850 sqft RM564 PSF
RM500,000
Level 18
904 sqft RM553 PSF
RM500,000
Level 21
904 sqft RM553 PSF
RM480,000
Level 9
1,012 sqft RM474 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM480,000

RM516 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 8 subsale transactions in 2024, with a median price of RM480K and a median price per square foot (PSF) of RM516.

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 RM434K to RM526K, and a typical market range of RM424K to RM536K.

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

The median PSF stands at RM516, with core pricing between RM462 and RM571. Market pricing typically extends from RM471.66 to RM561.16, reflecting moderate variation in unit pricing. With an IQR of RM89.50 and MAD of RM54, 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.