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 575K to RM 829K, 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 568 and RM 679. 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 56, 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

16 transactions grouped by size

1,000 sqft
Condo/Apartment
RM 575,000
Level 2
1,012 sqft · RM 568 PSF
RM 750,000
Level 11
1,012 sqft · RM 741 PSF
RM 700,000
Level 14
1,012 sqft · RM 692 PSF
RM 650,000
Level 4
1,012 sqft · RM 642 PSF
RM 630,000
Level 11
1,012 sqft · RM 623 PSF
RM 625,000
Level 18
1,012 sqft · RM 618 PSF
1,100 sqft
Condo/Apartment
RM 675,000
Level 9
1,109 sqft · RM 609 PSF
RM 678,000
Level 19
1,109 sqft · RM 612 PSF
1,300 sqft
Condo/Apartment
RM 820,000
Level 10
1,313 sqft · RM 624 PSF
RM 740,000
Level 6
1,313 sqft · RM 564 PSF
1,450 sqft
Condo/Apartment
RM 948,000
Level 7
1,464 sqft · RM 648 PSF
RM 1,120,000
Level 13
1,464 sqft · RM 765 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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