Area Intelligence

THE PROMINENCE

3 properties
2021
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Median Price
RM 1,650,000
PSF: RM 1,217

Residential Market

Median Price

RM 550,000

IQR: RM 56
MAD: RM 30
RM 358 PSF 2.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 1,650,000

RM 1,217 PSF 0.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

THE PROMINENCE in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 1.65 million and a median price per square foot (PSF) of RM 1,217.

This area contains both residential and commercial properties. View 30 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.65 million, with most transactions falling within a stable range of RM 1.13 million to RM 1.65 million, and a typical market range of RM 1.58 million to RM 1.65 million.

Most transactions involved condominium/apartment, though some variety exists in the market.

Price per square foot shows a median of RM 1,217, though individual units vary from RM 812 to RM 1,622 in the core range. The broader market spans RM 1,181.00 to RM 1,253.00, indicating diverse property characteristics. A wider spread (IQR: RM 72.00) and deviation (MAD: RM 405) 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.

Area Location

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THE PROMINENCE, Seberang Perai Tengah, Penang

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Transactions

3 properties found

3-Storey Storey Shop LORONG PERDA UTAMA 3
RM 1,650,000
1,356 sqft Oct 2021
RM 1,217.00 PSF
Condo/Apartment
RM 550,000
1,536 sqft Jun 2021
RM 358.00 PSF
3-Storey Storey Shop LORONG PERDA UTAMA 3
RM 1,650,000
1,356 sqft May 2021
RM 1,217.00 PSF