Barat Daya, Penang · Leasehold · 24 transactions
Median Price
RM500K
RM470K – RM570K
Median PSF
RM494
RM468 – RM553
Transactions
24
2021-04 to 2024-11
Size Range
678 – 1647
sq.ft (built-up)
Data-driven insights for THE PROMENADE
Earliest PSF (2021)
RM506
Current PSF (2024)
RM553
Capital Gain
+9.4%
Total Return (est.)
7.1% p.a.
| Capital appreciation (3 years) | +9.4% |
| Annualised capital return | +3.1% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 7.1% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | +10.9% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 700 sqft | 3 | RM365K | RM538 |
| 850 sqft | 3 | RM480K | RM564 |
| 900 sqft | 2 | RM500K | RM553 |
| 1,000 sqft | 8 | RM480K | RM480 |
| 1,300 sqft | 4 | RM598K | RM463 |
PSF Trend: Stable
PSF moved from RM506 (2021) to RM553 (2024)
Liquidity: Moderate
24 transactions over 3 years (~8/year)
13% above Barat Daya average
This project: RM494 PSF vs Barat Daya median: RM438 PSF
Est. Total Return: 7.1% p.a. (beats FD)
Capital gain (3.1% p.a.) + rental yield (~4% p.a.)
THE PROMENADE delivers a strong estimated total return of 7.1% p.a. — comprising +3.1% capital appreciation and ~4% rental yield over 3 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF is 13% above the Barat Daya average, reflecting its positioning as a premium development in the area. Best suited for capital gain seekers.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Nov 2024 | Condominium/Apartment | Leasehold | 678 | RM590 | RM400K |
| Oct 2024 | Condominium/Apartment | Leasehold | 1,292 | RM441 | RM570K |
| Jul 2024 | Condominium/Apartment | Leasehold | 980 | RM480 | RM470K |
| Jul 2024 | Condominium/Apartment | Leasehold | 980 | RM449 | RM440K |
| Jun 2024 | Condominium/Apartment | Leasehold | 850 | RM564 | RM480K |
19 more transactions hidden
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 24 records
3 interactive charts
Scatter, price & PSF vs Barat Daya & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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