SUMMER PLACE

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 607K to RM 747K, and a typical market range of RM 589K 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 594 and RM 654. 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 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.