THE RISE COLLECTION 1

THE RISE COLLECTION 1 in Timur Laut, Penang recorded 51 subsale transactions in 2021, with a median price of RM 73K and a median price per square foot (PSF) of RM 104.

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

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 104, with core pricing between RM 86 and RM 122. Market pricing typically extends from RM 104.00 to RM 104.00, reflecting moderate variation in unit pricing. The spread of RM 0.00 (IQR) and deviation of RM 18 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.