Area Intelligence

THE SPRING

4 properties
2021
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Median Price
RM 552,500
PSF: RM 547

Residential Market

Median Price

RM 552,500

IQR: RM 51
MAD: RM 23
RM 547 PSF 0.1%

PSF Trends (2021-2025)

THE SPRING in Timur Laut, Penang recorded 4 subsale transactions in 2021, with a median price of RM 553K and a median price per square foot (PSF) of RM 547.

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 553K, with most transactions falling within a stable range of RM 500K to RM 606K, and a typical market range of RM 509K to RM 596K.

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

For price per square foot, the median is RM 547, with most transactions between RM 506 and RM 588. The usual range is RM 521.50 to RM 572.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 41, 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.

Area Location

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THE SPRING, Timur Laut, Penang

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Transactions

4 properties found

Condo/Apartment
RM 525,000
947 sqft Dec 2021
RM 554.00 PSF
Condo/Apartment
RM 640,000
1,238 sqft Dec 2021
RM 517.00 PSF
Condo/Apartment
RM 580,000
926 sqft Oct 2021
RM 627.00 PSF
Condo/Apartment
RM 500,000
926 sqft Jul 2021
RM 540.00 PSF