THE SPRING

THE SPRING in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 588K 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 588K, with most transactions falling within a stable range of RM 561K to RM 614K, and a typical market range of RM 544K to RM 615K.

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

The median PSF stands at RM 547, with core pricing between RM 488 and RM 606. Market pricing typically extends from RM 521.50 to RM 572.50, reflecting moderate variation in unit pricing. With an IQR of RM 51.00 and MAD of RM 59, 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.