THE RISE COLLECTION II

THE RISE COLLECTION II in Timur Laut, Penang recorded 25 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 471.

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 380K, with most transactions falling within a stable range of RM 324K to RM 436K, and a typical market range of RM 350K to RM 410K.

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

The median PSF stands at RM 471, with core pricing between RM 404 and RM 538. Market pricing typically extends from RM 430.63 to RM 511.38, reflecting moderate variation in unit pricing. With an IQR of RM 80.75 and MAD of RM 67, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.