SUMMER PLACE

SUMMER PLACE in Timur Laut, Penang recorded 10 subsale transactions in 2024, with a median price of RM 665K and a median price per square foot (PSF) of RM 632.

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 665K, with most transactions falling within a stable range of RM 610K to RM 757K, and a typical market range of RM 610K to RM 754K.

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

For price per square foot, the median is RM 632, with most transactions between RM 579 and RM 685. The usual range is RM 601.38 to RM 662.63, showing that most units are priced quite close to each other. With an IQR of RM 61.25 and MAD of RM 53, 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.