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 17
|
RM 770,000
|
RM 601
|
1,281 sqft
|
|
Condo |
|
Level 18
|
RM 670,000
|
RM 523
|
1,281 sqft
|
|
Condo |
| 2022 | |||||
|
Level 23
|
RM 615,000
|
RM 480
|
1,281 sqft
|
|
Condo |
|
Level 13
|
RM 600,000
|
RM 468
|
1,281 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 642,500
RM 502 psfMedian transaction price
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
MapsThe Spring in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, sized between 1,275 and 1,324 sqft, with a median price of RM 643K and a median price per square foot (PSF) of RM 502.
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 643K, with most transactions falling within a stable range of RM 600K to RM 709K, and a typical market range of RM 600K to RM 686K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 502, with core pricing between RM 450 and RM 554. Market pricing typically extends from RM 476.10 to RM 527.10, reflecting moderate variation in unit pricing. With an IQR of RM 51.00 and MAD of RM 52, 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. Limited transaction history suggests carefully evaluating comparable sales data.