THE RISE COLLECTION II

THE RISE COLLECTION II in Timur Laut, Penang recorded 16 subsale transactions in 2024, with a median price of RM 420K and a median price per square foot (PSF) of RM 502.

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 420K, with most transactions falling within a stable range of RM 379K to RM 461K, and a typical market range of RM 390K to RM 450K.

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

The median PSF stands at RM 502, with core pricing between RM 446 and RM 557. Market pricing typically extends from RM 461.13 to RM 541.88, reflecting moderate variation in unit pricing. With an IQR of RM 80.75 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.