Penang
Timur Laut
Georgetown
THE LIGHT COLLECTION II

THE LIGHT COLLECTION II

Area Intelligence

2023

Median Price

RM 1,430,000

PSF: RM 1,074

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Residential PSF Trends

Median Price

RM 1,430,000

PSF: RM 1,074

THE LIGHT COLLECTION II in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 1.43 million and a median price per square foot (PSF) of RM 1,074.

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 1.43 million, with most transactions falling within a stable range of RM 919K to RM 1.94 million, and a typical market range of RM 1.06 million to RM 1.80 million.

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

The median PSF stands at RM 1,074, with core pricing between RM 882 and RM 1,266. Market pricing typically extends from RM 903.50 to RM 1,244.50, reflecting moderate variation in unit pricing. The spread of RM 341.00 (IQR) and deviation of RM 192 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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THE LIGHT COLLECTION II, Timur Laut, Penang

OSM

Track location

Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 638,000

Level 2

517 sqft • RM 1,235.00 PSF

Dec 2023

RM 1,480,000

Level 4

1,701 sqft • RM 870.00 PSF

Nov 2023

RM 745,000

Level 2

581 sqft • RM 1,282.00 PSF

Sep 2023

RM 1,600,000

Level 2

1,851 sqft • RM 864.00 PSF

Aug 2023

RM 2,130,000

Level 1

1,701 sqft • RM 1,252.00 PSF

Jun 2023

RM 1,580,000

Level 1

1,701 sqft • RM 929.00 PSF

May 2023

RM 1,380,000

Level 4

1,701 sqft • RM 811.00 PSF

Mar 2023

RM 630,000

Level 2

517 sqft • RM 1,219.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
Level 2	RM 638,000	RM 1,235.00	517 sqft	Dec 2023	Condo/Apartment
Level 4	RM 1,480,000	RM 870.00	1,701 sqft	Nov 2023	Condo/Apartment
Level 2	RM 745,000	RM 1,282.00	581 sqft	Sep 2023	Condo/Apartment
Level 2	RM 1,600,000	RM 864.00	1,851 sqft	Aug 2023	Condo/Apartment
Level 1	RM 2,130,000	RM 1,252.00	1,701 sqft	Jun 2023	Condo/Apartment
Level 1	RM 1,580,000	RM 929.00	1,701 sqft	May 2023	Condo/Apartment
Level 4	RM 1,380,000	RM 811.00	1,701 sqft	Mar 2023	Condo/Apartment
Level 2	RM 630,000	RM 1,219.00	517 sqft	Jan 2023	Condo/Apartment