SUMMER PLACE

Area Intelligence
2024
Median Price
RM 665,000
PSF: RM 632

Residential PSF Trends

Median Price

RM 665,000

PSF: RM 632

SUMMER PLACE in Timur Laut, Penang recorded 10 subsale transactions in 2024, with a median price of RM 665K and a median price per square foot (PSF) of RM 632.

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 665K, with most transactions falling within a stable range of RM 610K to RM 757K, and a typical market range of RM 610K to RM 753K.

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

For price per square foot, the median is RM 632, with most transactions between RM 579 and RM 685. The usual range is RM 602.75 to RM 661.25, showing that most units are priced quite close to each other. With an IQR of RM 58.50 and MAD of RM 53, 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

10 transactions grouped by size

1,000 sqft
RM 640,000
Level 13
1,012 sqft · RM 633 PSF
RM 610,000
Level 12
1,012 sqft · RM 603 PSF
RM 800,000
Level 16
1,012 sqft · RM 791 PSF
RM 650,000
Level 13
1,012 sqft · RM 642 PSF
RM 650,000
Level 19
1,012 sqft · RM 642 PSF
1,050 sqft
Condo/Apartment
RM 638,000
Level 18
1,055 sqft · RM 605 PSF
1,100 sqft
Condo/Apartment
RM 680,000
Level 10
1,109 sqft · RM 613 PSF
RM 700,000
Level 16
1,109 sqft · RM 631 PSF
1,300 sqft
Condo/Apartment
RM 850,000
Level 12
1,313 sqft · RM 647 PSF
1,450 sqft
Condo/Apartment
RM 880,000
Level 2
1,464 sqft · RM 601 PSF

No Properties For Sale

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

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