Penang
Timur Laut
17
FERINGGI RESIDENCE

FERINGGI RESIDENCE

Area Intelligence

2022

Median Price

RM 858,000

PSF: RM 556

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Residential PSF Trends

Median Price

RM 858,000

PSF: RM 556

FERINGGI RESIDENCE in Timur Laut, Penang recorded 53 subsale transactions in 2022, with a median price of RM 858K and a median price per square foot (PSF) of RM 556.

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 858K, with most transactions falling within a stable range of RM 834K to RM 650K, and a typical market range of RM 809K to RM 650K.

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

For price per square foot, the median is RM 556, with most transactions between RM 556 and RM 556. The usual range is RM 509.50 to RM 602.50, showing that most units are priced quite close to each other. With an IQR of RM 93.00 and MAD of RM 0, 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.

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FERINGGI RESIDENCE, Timur Laut, Penang

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