THE RISE COLLECTION II

THE RISE COLLECTION II in Timur Laut, Penang recorded 28 subsale transactions in 2022, with a median price of RM 378K and a median price per square foot (PSF) of RM 451.

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 378K, with most transactions falling within a stable range of RM 347K to RM 409K, and a typical market range of RM 348K to RM 408K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 451, with most transactions between RM 418 and RM 484. The usual range is RM 410.00 to RM 492.00, showing that most units are priced quite close to each other. With an IQR of RM 82.00 and MAD of RM 33, 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. Moderate transaction volume may require patience when buying or selling.