The Promenade

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

Property Transactions

3 subsales grouped by size

Median
RM500,000
PSF
RM553
Price Size
Period
transactions middle 50% (P25–P75)
RM500,000
Level 18
904 sqft · RM553 PSF
RM500,000
Level 21
904 sqft · RM553 PSF
RM851,000
Level G
904 sqft · RM941 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM500,000

RM553 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 875 and 924 sqft, with a median price of RM500K and a median price per square foot (PSF) of RM553.

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 RM500K, with most transactions falling within a stable range of RM500K to RM665K, and a typical market range of RM500K to RM556K.

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

Price per square foot shows a median of RM553, though individual units vary from RM370 to RM736 in the core range. The broader market spans RM508.24 to RM597.74, indicating diverse property characteristics. A wider spread (IQR: RM89.50) and deviation (MAD: RM183) indicate significant PSF variations, likely due to diverse property types or conditions.

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.