Promenade, Bayan Baru

Promenade (also known as The Promenade) is a leasehold mixed commercial & condominium development located in Bayan Baru, Bayan Lepas. There are 336 condominium units and 37 shop-offices available at this project with built-up from 847 sf to 1,651 sf for condominium units, 1,600 sf for offices and 1,600 sf for shop-offices. It was developed by Lion Group with a launch price at about RM400 psf for condominium units, and was completed in around 2016.

Lion Group is a big property development group, and it has built about 26 property projects in Malaysia. Other similar projects by the same developer are Bandar Bukit Mahkota, Bandar Mahkota Banting, Bandar Tasik Senangin, One Residency, Saujana Residency, Section 1, Section 2, Section 4, Tiara Melaka Golf & Country Club and Twins.

Property Type
Mixed Commercial & Condominium
Land Tenure
Leasehold
Built-up
847 sf - 1,651 sf (Condominium)
1,600 sf (Office)
1,600 sf (Shop-Office)
Market Price
RM450,000 - RM960,000 (Condominium)
Density
336 Condominiums & 37 Shop-Offices
Completed In
2016
Developer
Launch Price
RM400 psf (Condominium)

The only amenities nearby this mixed commercial & condominium development are hospitals. Few of the hospitals here include Hospital Islam Pulau Pinang and Pantai Hospital Penang.

The current rental yield of Promenade is 4.74% for condominium units. The highest rental yield ever recorded was 5.59% in Q2 2021 (condominium); while the lowest one was 2.7% in Q4 2017 (condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at Promenade for condominium units is 2-bedroom / 980 sf with a median price of RM510 psf. For price wise, the most expensive one is 5-bedroom / 1,651 sf with a median price of RM580 psf; while the cheapest one is 3-bedroom / 1,111 sf with a median price of RM450 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at Promenade for offices is 1,600 sf with a median rental of RM1.75 psf. For rental wise, the most expensive one is 1,600 sf with a median rental of RM1.75 psf; while the cheapest one is 1,600 sf with a median rental of RM1.75 psf.

Shop-Office Layouts

Lastly, the most popular layout and size (built-up) combination at Promenade for shop-offices is 1,600 sf with a median rental of RM1.75 psf. For rental wise, the most expensive one is 1,600 sf with a median rental of RM1.75 psf; while the cheapest one is 1,600 sf with a median rental of RM1.75 psf.

Latest Promenade for sale listings:

DateTypeBuilt-upPrice
14 Dec 2021Condominium1,300 sfRM799,999
10 Dec 2021Condominium990 sfRM485,000
8 Dec 2021Condominium847 sfRM430,000
7 Dec 2021Condominium980 sfRM490,000
5 Dec 2021Condominium906 sfRM530,000
5 Dec 2021Condominium1,000 sfRM485,000
23 Nov 2021Condominium847 sfRM430,000
22 Nov 2021Condominium1,111 sfRM529,000
21 Nov 2021Retail2,799 sfRM1,900,000
17 Nov 2021Condominium1,111 sfRM509,000

Latest Promenade for rent listings:

DateTypeBuilt-upRental
17 Dec 2021Condominium1,290 sfRM1,500
17 Dec 2021Condominium1,100 sfRM1,690
14 Dec 2021Apartment Room-NA-RM690
13 Dec 2021Condominium980 sfRM1,100
8 Dec 2021Low-Cost Flat1,120 sfRM100
7 Dec 2021Condominium847 sfRM1,400
6 Dec 2021Sharing Room-NA-RM330
6 Dec 2021Condominium847 sfRM1,500
5 Dec 2021Room-NA-RM490
5 Dec 2021Room-NA-RM560
0 user comments on Promenade