THE SPRING

Area Intelligence

2022

Median Price

RM 600,000

PSF: RM 480

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Residential PSF Trends

Median Price

RM 600,000

PSF: RM 480

THE SPRING in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 480.

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 600K, with most transactions falling within a stable range of RM 600K to RM 607K, and a typical market range of RM 600K to RM 615K.

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

For price per square foot, the median is RM 480, with most transactions between RM 460 and RM 500. The usual range is RM 454.50 to RM 505.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 20, 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.

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THE SPRING, Timur Laut, Penang

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