The Spring

Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia

Property Transactions

7 subsales found

Median
RM530,000
PSF
RM538
Price Size
Period
transactions middle 50% (P25–P75)
RM680,000
Level 11
1,238 sqft RM549 PSF
RM530,000
Level 20
926 sqft RM573 PSF
RM550,000
Level 5
947 sqft RM581 PSF
RM490,000
Level 9
926 sqft RM529 PSF
RM605,000
Level 17
1,163 sqft RM520 PSF
RM495,000
Level 6
947 sqft RM523 PSF
RM498,000
Level 4
926 sqft RM538 PSF
Legend Recent Highest Price Highest PSF

Selling in The Spring? Homes here sold for a median of RM530,000.

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Market Snapshot

Residential

RM530,000

RM538 psf

Median transaction price

Low

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The Spring
© OpenStreetMap · CARTO

Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia

Maps

The Spring in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM530K and a median price per square foot (PSF) of RM538.

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 RM530K, with most transactions falling within a stable range of RM490K to RM595K, and a typical market range of RM490K to RM574K.

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

For price per square foot, the median is RM538, with most transactions between RM516 and RM560. The usual range is RM512.47 to RM563.47, showing that most units are priced quite close to each other. With an IQR of RM51.00 and MAD of RM22, 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.