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 703K to RM 955K, and a typical market range of RM 780K to RM 878K.

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

The median PSF stands at RM 672, with core pricing between RM 561 and RM 783. Market pricing typically extends from RM 625.50 to RM 718.50, reflecting moderate variation in unit pricing. The spread of RM 93.00 (IQR) and deviation of RM 111 (MAD) suggest moderate price variations reflecting different property features.

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.