THE SPRING

THE SPRING in Timur Laut, Penang recorded 14 subsale transactions in 2024, with a median price of RM 515K and a median price per square foot (PSF) of RM 549.

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 515K, with most transactions falling within a stable range of RM 480K to RM 550K, and a typical market range of RM 471K to RM 559K.

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

For price per square foot, the median is RM 549, with most transactions between RM 526 and RM 572. The usual range is RM 523.00 to RM 574.00, 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. Limited transaction history suggests carefully evaluating comparable sales data.