Area Intelligence

THE SPRING

14 properties
2024
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Median Price
RM 515,000
PSF: RM 549

Residential Market

Median Price

RM 515,000

IQR: RM 51
MAD: RM 23
RM 549 PSF 0.1%

PSF Trends (2021-2025)

THE SPRING in Timur Laut, Penang recorded 14 subsale transactions in 2024, with a median price of RM 515K and a median price per square foot (PSF) of RM 549.

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 515K, with most transactions falling within a stable range of RM 488K to RM 592K, and a typical market range of RM 488K to RM 559K.

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

For price per square foot, the median is RM 549, with most transactions between RM 524 and RM 573. The usual range is RM 523.00 to RM 574.00, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 24, 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

14 properties grouped by size

950 sqft
12 units (showing 6) Condo/Apartment
RM 500,000
926 sqft · RM 540.00 PSF
Nov 2024
RM 505,000
926 sqft · RM 546.00 PSF
Aug 2024
RM 510,000
926 sqft · RM 551.00 PSF
Jun 2024
RM 540,000
926 sqft · RM 583.00 PSF
Jun 2024
RM 535,000
926 sqft · RM 578.00 PSF
May 2024
RM 488,000
926 sqft · RM 527.00 PSF
Apr 2024
1,300 sqft
2 units Condo/Apartment
RM 770,000
1,281 sqft · RM 601.00 PSF
Jun 2024
RM 670,000
1,281 sqft · RM 523.00 PSF
Jun 2024