THE SPRING Property Investment Analysis
Median Price
RM 535,000
CAGR
-2.3%
Median PSF
RM 546.00
CAGR
+0.1%
Transactions
31
Period
2021-2024
MEDIAN PRICE
RM 535,000
Growth (CAGR):
-2.32%
Stable Range (MAD)
RM 500K -
570K
±RM 35K
Typical Range (IQR)
RM 491K -
579K
50% of properties
Growth Period
(2021-2024)
Start:
RM 553K
End:
RM 515K
MEDIAN PSQFT
RM 546.00
Growth (CAGR):
+0.09%
Stable Range (MAD)
RM 523.00 -
569.00
±RM 23.00
Typical Range (IQR)
RM 520.50 -
571.50
50% of properties
Growth Period
(2021-2024)
Start:
RM 547.00
End:
RM 548.50
TOTAL TRANSACTIONS
31
PERIOD
2021 - 2024
PROPERTY TYPES OVERVIEW
| Property Type | Properties | Transactions | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|---|
| Low-Cost Flat | 13 | 1,242,000 |
RM 107,500
±13K MAD
|
+6.72% |
RM 184.50
±22 MAD
|
+6.69% |
THE SPRING in Timur Laut, Penang recorded 31 subsale transactions between 2021 and 2025, with a median price of RM 535K and a median price per square foot (PSF) of RM 546.
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 535K, with most transactions falling within a stable range of RM 500K to RM 570K, and a typical market range of RM 491K to RM 579K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 546, with most transactions between RM 523 and RM 569. The usual range is RM 520.50 to RM 571.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 23, 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.
ADVANCED FILTERS
TRANSACTIONS
31 found
Condominium/Apartment
RM 500,000
PSF:
RM 540.00
Area:
926 sqft
Date:
Nov 2024
Condominium/Apartment
RM 505,000
PSF:
RM 546.00
Area:
926 sqft
Date:
Aug 2024
Condominium/Apartment
RM 670,000
PSF:
RM 523.00
Area:
1,281 sqft
Date:
Jun 2024
Condominium/Apartment
RM 770,000
PSF:
RM 601.00
Area:
1,281 sqft
Date:
Jun 2024
Condominium/Apartment
RM 540,000
PSF:
RM 583.00
Area:
926 sqft
Date:
Jun 2024
Condominium/Apartment
RM 510,000
PSF:
RM 551.00
Area:
926 sqft
Date:
Jun 2024
Condominium/Apartment
RM 535,000
PSF:
RM 578.00
Area:
926 sqft
Date:
May 2024
Condominium/Apartment
RM 505,000
PSF:
RM 539.00
Area:
936 sqft
Date:
Apr 2024
Condominium/Apartment
RM 520,000
PSF:
RM 562.00
Area:
926 sqft
Date:
Apr 2024
Condominium/Apartment
RM 488,000
PSF:
RM 527.00
Area:
926 sqft
Date:
Apr 2024
Condominium/Apartment
RM 548,000
PSF:
RM 592.00
Area:
926 sqft
Date:
Feb 2024
Condominium/Apartment
RM 520,000
PSF:
RM 562.00
Area:
926 sqft
Date:
Feb 2024
Condominium/Apartment
RM 500,000
PSF:
RM 540.00
Area:
926 sqft
Date:
Jan 2024
Condominium/Apartment
RM 488,000
PSF:
RM 527.00
Area:
926 sqft
Date:
Jan 2024
Condominium/Apartment
RM 680,000
PSF:
RM 549.00
Area:
1,238 sqft
Date:
Nov 2023
Condominium/Apartment
RM 550,000
PSF:
RM 581.00
Area:
947 sqft
Date:
Oct 2023
Condominium/Apartment
RM 530,000
PSF:
RM 573.00
Area:
926 sqft
Date:
Oct 2023
Condominium/Apartment
RM 605,000
PSF:
RM 520.00
Area:
1,163 sqft
Date:
Aug 2023
Condominium/Apartment
RM 490,000
PSF:
RM 529.00
Area:
926 sqft
Date:
Aug 2023
Condominium/Apartment
RM 495,000
PSF:
RM 523.00
Area:
947 sqft
Date:
Jul 2023
Condominium/Apartment
RM 498,000
PSF:
RM 538.00
Area:
926 sqft
Date:
Apr 2023
Condominium/Apartment
RM 575,000
PSF:
RM 614.00
Area:
936 sqft
Date:
Nov 2022
Condominium/Apartment
RM 535,000
PSF:
RM 578.00
Area:
926 sqft
Date:
Oct 2022
Condominium/Apartment
RM 615,000
PSF:
RM 480.00
Area:
1,281 sqft
Date:
Aug 2022
Condominium/Apartment
RM 600,000
PSF:
RM 516.00
Area:
1,163 sqft
Date:
Jun 2022
Condominium/Apartment
RM 600,000
PSF:
RM 468.00
Area:
1,281 sqft
Date:
Mar 2022
Condominium/Apartment
RM 570,000
PSF:
RM 609.00
Area:
936 sqft
Date:
Mar 2022
Condominium/Apartment
RM 640,000
PSF:
RM 517.00
Area:
1,238 sqft
Date:
Dec 2021
Condominium/Apartment
RM 525,000
PSF:
RM 554.00
Area:
947 sqft
Date:
Dec 2021
Condominium/Apartment
RM 580,000
PSF:
RM 627.00
Area:
926 sqft
Date:
Oct 2021
Condominium/Apartment
RM 500,000
PSF:
RM 540.00
Area:
926 sqft
Date:
Jul 2021
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Condominium/Apartment |
|
RM 500,000
|
RM 540.00
|
926 sqft
|
Nov 2024
|
| Condominium/Apartment |
|
RM 505,000
|
RM 546.00
|
926 sqft
|
Aug 2024
|
| Condominium/Apartment |
|
RM 670,000
|
RM 523.00
|
1,281 sqft
|
Jun 2024
|
| Condominium/Apartment |
|
RM 770,000
|
RM 601.00
|
1,281 sqft
|
Jun 2024
|
| Condominium/Apartment |
|
RM 540,000
|
RM 583.00
|
926 sqft
|
Jun 2024
|
| Condominium/Apartment |
|
RM 510,000
|
RM 551.00
|
926 sqft
|
Jun 2024
|
| Condominium/Apartment |
|
RM 535,000
|
RM 578.00
|
926 sqft
|
May 2024
|
| Condominium/Apartment |
|
RM 505,000
|
RM 539.00
|
936 sqft
|
Apr 2024
|
| Condominium/Apartment |
|
RM 520,000
|
RM 562.00
|
926 sqft
|
Apr 2024
|
| Condominium/Apartment |
|
RM 488,000
|
RM 527.00
|
926 sqft
|
Apr 2024
|
| Condominium/Apartment |
|
RM 548,000
|
RM 592.00
|
926 sqft
|
Feb 2024
|
| Condominium/Apartment |
|
RM 520,000
|
RM 562.00
|
926 sqft
|
Feb 2024
|
| Condominium/Apartment |
|
RM 500,000
|
RM 540.00
|
926 sqft
|
Jan 2024
|
| Condominium/Apartment |
|
RM 488,000
|
RM 527.00
|
926 sqft
|
Jan 2024
|
| Condominium/Apartment |
|
RM 680,000
|
RM 549.00
|
1,238 sqft
|
Nov 2023
|
| Condominium/Apartment |
|
RM 550,000
|
RM 581.00
|
947 sqft
|
Oct 2023
|
| Condominium/Apartment |
|
RM 530,000
|
RM 573.00
|
926 sqft
|
Oct 2023
|
| Condominium/Apartment |
|
RM 605,000
|
RM 520.00
|
1,163 sqft
|
Aug 2023
|
| Condominium/Apartment |
|
RM 490,000
|
RM 529.00
|
926 sqft
|
Aug 2023
|
| Condominium/Apartment |
|
RM 495,000
|
RM 523.00
|
947 sqft
|
Jul 2023
|
| Condominium/Apartment |
|
RM 498,000
|
RM 538.00
|
926 sqft
|
Apr 2023
|
| Condominium/Apartment |
|
RM 575,000
|
RM 614.00
|
936 sqft
|
Nov 2022
|
| Condominium/Apartment |
|
RM 535,000
|
RM 578.00
|
926 sqft
|
Oct 2022
|
| Condominium/Apartment |
|
RM 615,000
|
RM 480.00
|
1,281 sqft
|
Aug 2022
|
| Condominium/Apartment |
|
RM 600,000
|
RM 516.00
|
1,163 sqft
|
Jun 2022
|
| Condominium/Apartment |
|
RM 600,000
|
RM 468.00
|
1,281 sqft
|
Mar 2022
|
| Condominium/Apartment |
|
RM 570,000
|
RM 609.00
|
936 sqft
|
Mar 2022
|
| Condominium/Apartment |
|
RM 640,000
|
RM 517.00
|
1,238 sqft
|
Dec 2021
|
| Condominium/Apartment |
|
RM 525,000
|
RM 554.00
|
947 sqft
|
Dec 2021
|
| Condominium/Apartment |
|
RM 580,000
|
RM 627.00
|
926 sqft
|
Oct 2021
|
| Condominium/Apartment |
|
RM 500,000
|
RM 540.00
|
926 sqft
|
Jul 2021
|