SPRINGFIELD CONDOMINIUM

SPRINGFIELD CONDOMINIUM in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 475.

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 450K, with most transactions falling within a stable range of RM 392K to RM 470K, and a typical market range of RM 408K to RM 470K.

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

The median PSF stands at RM 475, with core pricing between RM 404 and RM 546. Market pricing typically extends from RM 426.50 to RM 523.50, reflecting moderate variation in unit pricing. The spread of RM 97.00 (IQR) and deviation of RM 71 (MAD) suggest moderate price variations reflecting different property features.

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.