SUMMER PLACE

SUMMER PLACE in Timur Laut, Penang recorded 16 subsale transactions in 2022, with a median price of RM 677K and a median price per square foot (PSF) of RM 624.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 677K, with most transactions falling within a stable range of RM 575K to RM 829K, and a typical market range of RM 588K to RM 765K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 624, with most transactions between RM 568 and RM 679. The usual range is RM 592.88 to RM 654.13, showing that most units are priced quite close to each other. With an IQR of RM 61.25 and MAD of RM 56, the PSF demonstrates reasonable consistency across the market.

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.