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 |
|---|
|
Level 21
|
RM 525,000
|
RM 554
|
947 sqft
|
|
|
|
Level 19
|
RM 580,000
|
RM 627
|
926 sqft
|
|
|
|
Level 8
|
RM 500,000
|
RM 540
|
926 sqft
|
|
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Market Snapshot
ResidentialRM 552,500
RM 547 psfMedian transaction price
Lebuh Sungai Pinang 2, George Town, Pulau Pinang, Malaysia
MapsThe Spring in Timur Laut, Penang recorded 4 subsale transactions in 2021, with a median price of RM 553K and a median price per square foot (PSF) of RM 547.
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 553K, with most transactions falling within a stable range of RM 500K to RM 606K, and a typical market range of RM 509K to RM 596K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 547, with most transactions between RM 506 and RM 588. The usual range is RM 521.69 to RM 572.69, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 41, 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.