SUMMER PLACE

SUMMER PLACE in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 735K and a median price per square foot (PSF) of RM 652.

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 735K, with most transactions falling within a stable range of RM 665K to RM 805K, and a typical market range of RM 647K to RM 823K.

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

For price per square foot, the median is RM 652, with most transactions between RM 622 and RM 682. The usual range is RM 622.75 to RM 681.25, showing that most units are priced quite close to each other. With an IQR of RM 58.50 and MAD of RM 30, 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. Limited transaction history suggests carefully evaluating comparable sales data.