FERINGGI RESIDENCE

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 736K to RM 980K, and a typical market range of RM 809K to RM 907K.

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

The median PSF stands at RM 556, with core pricing between RM 476 and RM 636. Market pricing typically extends from RM 509.50 to RM 602.50, reflecting moderate variation in unit pricing. With an IQR of RM 93.00 and MAD of RM 80, 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.