Penang
Timur Laut
Georgetown
SUMMER PLACE

SUMMER PLACE

Area Intelligence

2021

Median Price

RM 700,000

PSF: RM 631

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Residential PSF Trends

Median Price

RM 700,000

PSF: RM 631

SUMMER PLACE in Timur Laut, Penang recorded 5 subsale transactions in 2021, with a median price of RM 700K and a median price per square foot (PSF) of RM 631.

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 700K, with most transactions falling within a stable range of RM 765K to RM 818K, and a typical market range of RM 765K to RM 788K.

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

The median PSF stands at RM 631, with core pricing between RM 551 and RM 711. Market pricing typically extends from RM 601.75 to RM 660.25, reflecting moderate variation in unit pricing. With an IQR of RM 58.50 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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SUMMER PLACE, Timur Laut, Penang

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