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 789K to RM 954K, and a typical market range of RM 812K to RM 910K.

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

The median PSF stands at RM 573, with core pricing between RM 505 and RM 641. Market pricing typically extends from RM 526.50 to RM 619.50, reflecting moderate variation in unit pricing. With an IQR of RM 93.00 and MAD of RM 68, 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.