THE SPRING

THE SPRING in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 530K and a median price per square foot (PSF) of RM 538.

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 530K, with most transactions falling within a stable range of RM 490K to RM 595K, and a typical market range of RM 490K to RM 574K.

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

For price per square foot, the median is RM 538, with most transactions between RM 516 and RM 560. The usual range is RM 512.50 to RM 563.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 22, 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.