FERINGGI RESIDENCE

FERINGGI RESIDENCE in Timur Laut, Penang recorded 29 subsale transactions in 2023, with a median price of RM 861K and a median price per square foot (PSF) of RM 573.

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 861K, with most transactions falling within a stable range of RM 815K to RM 907K, and a typical market range of RM 812K to RM 910K.

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

For price per square foot, the median is RM 573, with most transactions between RM 536 and RM 610. The usual range is RM 526.50 to RM 619.50, showing that most units are priced quite close to each other. With an IQR of RM 93.00 and MAD of RM 37, 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. Moderate transaction volume may require patience when buying or selling.