THE RISE COLLECTION 1

THE RISE COLLECTION 1 in Timur Laut, Penang recorded 48 subsale transactions in 2022, 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.

Price per square foot shows a median of RM 104, though individual units vary from RM 56 to RM 152 in the core range. The broader market spans RM 104.00 to RM 104.00, indicating diverse property characteristics. A wider spread (IQR: RM 0.00) and deviation (MAD: RM 48) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.