FERINGGI RESIDENCE

FERINGGI RESIDENCE in Timur Laut, Penang recorded 7 subsale transactions in 2024, with a median price of RM 829K and a median price per square foot (PSF) of RM 672.

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 829K, with most transactions falling within a stable range of RM 783K to RM 875K, and a typical market range of RM 780K to RM 878K.

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

For price per square foot, the median is RM 672, with most transactions between RM 635 and RM 709. The usual range is RM 625.50 to RM 718.50, 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. Limited transaction history suggests carefully evaluating comparable sales data.