SUMMER PLACE

Area Intelligence
2022
Median Price
RM 676,500
PSF: RM 624

Residential PSF Trends

Median Price

RM 676,500

PSF: RM 624

SUMMER PLACE in Timur Laut, Penang recorded 16 subsale transactions in 2022, with a median price of RM 677K and a median price per square foot (PSF) of RM 624.

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 677K, with most transactions falling within a stable range of RM 750K to RM 770K, and a typical market range of RM 750K to RM 765K.

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

For price per square foot, the median is RM 624, with most transactions between RM 580 and RM 667. The usual range is RM 594.25 to RM 652.75, showing that most units are priced quite close to each other. With an IQR of RM 58.50 and MAD of RM 44, 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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Transactions

4 transactions grouped by size

1,000 sqft
Condo/Apartment
RM 750,000
Level 11
1,012 sqft · RM 741 PSF
1,300 sqft
Condo/Apartment
RM 820,000
Level 10
1,313 sqft · RM 624 PSF
1,450 sqft
Condo/Apartment
RM 948,000
Level 7
1,464 sqft · RM 648 PSF
RM 980,000
Level 4
1,464 sqft · RM 669 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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