THE RISE COLLECTION III

THE RISE COLLECTION III in Timur Laut, Penang recorded 12 subsale transactions in 2022, with a median price of RM 465K and a median price per square foot (PSF) of RM 465.

This area contains both residential and commercial properties. View 28 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 465K, with most transactions falling within a stable range of RM 391K to RM 508K, and a typical market range of RM 445K to RM 485K.

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

The median PSF stands at RM 465, with core pricing between RM 392 and RM 538. Market pricing typically extends from RM 445.50 to RM 484.50, reflecting moderate variation in unit pricing. The spread of RM 39.00 (IQR) and deviation of RM 73 (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. 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.