FERINGGI RESIDENCE

FERINGGI RESIDENCE in Timur Laut, Penang recorded 16 subsale transactions in 2021, with a median price of RM 865K and a median price per square foot (PSF) of RM 555.

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 865K, with most transactions falling within a stable range of RM 808K to RM 892K, and a typical market range of RM 816K to RM 892K.

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

For price per square foot, the median is RM 555, with most transactions between RM 531 and RM 578. The usual range is RM 508.00 to RM 601.00, showing that most units are priced quite close to each other. With an IQR of RM 93.00 and MAD of RM 23, 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.