THE SPRING

Area Intelligence

2023

Median Price

RM 530,000

PSF: RM 538

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 538

THE SPRING in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 530K and a median price per square foot (PSF) of RM 538.

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 530K, with most transactions falling within a stable range of RM 490K to RM 595K, and a typical market range of RM 490K to RM 574K.

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

For price per square foot, the median is RM 538, with most transactions between RM 516 and RM 560. The usual range is RM 512.50 to RM 563.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 22, 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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Transactions

7 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

950 sqft

Condo/Apartment

950 sqft

Condo/Apartment

RM 530,000

Level 20

926 sqft · RM 573 PSF

Oct 2023

RM 550,000

Level 5

947 sqft · RM 581 PSF

Oct 2023

RM 490,000

Level 9

926 sqft · RM 529 PSF

Aug 2023

RM 495,000

Level 6

947 sqft · RM 523 PSF

Jul 2023

RM 498,000

Level 4

926 sqft · RM 538 PSF

Apr 2023

Level 20	RM 530,000	RM 573	926 sqft	Oct 2023
Level 5	RM 550,000	RM 581	947 sqft	Oct 2023
Level 9	RM 490,000	RM 529	926 sqft	Aug 2023
Level 6	RM 495,000	RM 523	947 sqft	Jul 2023
Level 4	RM 498,000	RM 538	926 sqft	Apr 2023