The Spring
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 18
|
RM575,000
|
RM614
|
936 sqft
|
|
|
|
Level 20
|
RM535,000
|
RM578
|
926 sqft
|
|
|
|
Level 20
|
RM570,000
|
RM609
|
936 sqft
|
|
|
Level 23
|
RM615,000
|
RM480
|
1,281 sqft
|
|
|
|
Level 13
|
RM600,000
|
RM468
|
1,281 sqft
|
|
Selling in The Spring? Homes here sold for a median of RM587,500.
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The Spring
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Georgetown
Market Snapshot
ResidentialRM587,500
RM547 psfMedian transaction price
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Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
MapsThe Spring in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM588K and a median price per square foot (PSF) of RM547.
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 RM588K, with most transactions falling within a stable range of RM561K to RM614K, and a typical market range of RM544K to RM615K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM547, with core pricing between RM488 and RM606. Market pricing typically extends from RM521.54 to RM572.54, reflecting moderate variation in unit pricing. With an IQR of RM51.00 and MAD of RM59, 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.