The Spring
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 19
|
RM 500,000
|
RM 540
|
926 sqft
|
|
Condo |
|
Level 3
|
RM 505,000
|
RM 546
|
926 sqft
|
|
Condo |
|
Level 18
|
RM 670,000
|
RM 523
|
1,281 sqft
|
|
Condo |
|
Level 17
|
RM 770,000
|
RM 601
|
1,281 sqft
|
|
Condo |
|
Level 16
|
RM 540,000
|
RM 583
|
926 sqft
|
|
Condo |
|
Level 13
|
RM 510,000
|
RM 551
|
926 sqft
|
|
Condo |
|
Level 16
|
RM 535,000
|
RM 578
|
926 sqft
|
|
Condo |
|
Level 2
|
RM 505,000
|
RM 539
|
936 sqft
|
|
Condo |
|
Level 10
|
RM 520,000
|
RM 562
|
926 sqft
|
|
Condo |
|
Level 8
|
RM 488,000
|
RM 527
|
926 sqft
|
|
Condo |
|
Level 16
|
RM 548,000
|
RM 592
|
926 sqft
|
|
Condo |
|
Level 9
|
RM 520,000
|
RM 562
|
926 sqft
|
|
Condo |
|
Level 21
|
RM 500,000
|
RM 540
|
926 sqft
|
|
Condo |
|
Level 15
|
RM 488,000
|
RM 527
|
926 sqft
|
|
Condo |
| 2023 | |||||
|
Level 11
|
RM 680,000
|
RM 549
|
1,238 sqft
|
|
Condo |
|
Level 5
|
RM 550,000
|
RM 581
|
947 sqft
|
|
Condo |
|
Level 20
|
RM 530,000
|
RM 573
|
926 sqft
|
|
Condo |
|
Level 17
|
RM 605,000
|
RM 520
|
1,163 sqft
|
|
Condo |
|
Level 9
|
RM 490,000
|
RM 529
|
926 sqft
|
|
Condo |
|
Level 6
|
RM 495,000
|
RM 523
|
947 sqft
|
|
Condo |
|
Level 4
|
RM 498,000
|
RM 538
|
926 sqft
|
|
Condo |
| 2022 | |||||
|
Level 18
|
RM 575,000
|
RM 614
|
936 sqft
|
|
Condo |
|
Level 20
|
RM 535,000
|
RM 578
|
926 sqft
|
|
Condo |
|
Level 23
|
RM 615,000
|
RM 480
|
1,281 sqft
|
|
Condo |
|
Level 5
|
RM 600,000
|
RM 516
|
1,163 sqft
|
|
Condo |
|
Level 13
|
RM 600,000
|
RM 468
|
1,281 sqft
|
|
Condo |
|
Level 20
|
RM 570,000
|
RM 609
|
936 sqft
|
|
Condo |
| 2021 | |||||
|
Level 20
|
RM 640,000
|
RM 517
|
1,238 sqft
|
|
Condo |
|
Level 21
|
RM 525,000
|
RM 554
|
947 sqft
|
|
Condo |
|
Level 19
|
RM 580,000
|
RM 627
|
926 sqft
|
|
Condo |
|
Level 8
|
RM 500,000
|
RM 540
|
926 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 535,000
RM 546 psfMedian transaction price
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
MapsThe Spring in Timur Laut, Penang recorded 31 subsale transactions between 2021 and 2026, with a median price of RM 535K and a median price per square foot (PSF) of RM 554.
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 554, with most transactions between RM 531 and RM 577. The usual range is RM 528.75 to RM 579.75, 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.