Promenade 28
George Town, Penang, Malaysia
George Town, Penang, Malaysia
| LIST.MY · Promenade 28 | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2022 | |||||
|
Lebuh Sungai Pinang 5
|
RM3,200,000
|
RM1,276
|
2,508 sqft
|
|
2-Sty Shop |
|
Lebuh Sungai Pinang 5
|
RM3,180,000
|
RM1,268
|
2,508 sqft
|
|
2-Sty Shop |
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Promenade 28
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Georgetown
George Town, Penang, Malaysia
MapsPromenade 28 in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 2,475 and 2,524 sqft, with a median price of RM3.19 million and a median price per square foot (PSF) of RM1,272.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM3.19 million, with most transactions falling within a stable range of RM3.18 million to RM3.20 million, and a typical market range of RM3.19 million to RM3.20 million.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM1,272, with most transactions between RM1,268 and RM1,276. The usual range is RM1,268.93 to RM1,274.93, showing that most units are priced quite close to each other. A typical spread (IQR) of RM6.00 and an average deviation (MAD) of RM4 indicate a highly stable PSF trend across properties.
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.