Penang
Timur Laut
Tanjung Bungah
SPRINGTIDE RESIDENCES

SPRINGTIDE RESIDENCES

Area Intelligence

2023

Median Price

RM 3,500,000

PSF: RM 670

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Residential PSF Trends

Median Price

RM 3,500,000

PSF: RM 670

SPRINGTIDE RESIDENCES in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 3.50 million and a median price per square foot (PSF) of RM 670.

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 3.50 million, with most transactions falling within a stable range of RM 3.50 million to RM 3.84 million, and a typical market range of RM 3.50 million to RM 4.22 million.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 670, with most transactions between RM 605 and RM 735. The usual range is RM 563.25 to RM 776.75, showing that most units are priced quite close to each other. With an IQR of RM 213.50 and MAD of RM 65, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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SPRINGTIDE RESIDENCES, Timur Laut, Penang

OSM

Track location

Transactions

3 transactions found

Popular Ranges

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

Custom Range

Min Price (RM)

Max Price (RM)

Clear

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

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 3,500,000

Level 26

5,221 sqft • RM 670.00 PSF

Aug 2023

RM 4,220,000

Level 33

5,221 sqft • RM 808.00 PSF

Jun 2023

RM 3,500,000

Level 12

5,221 sqft • RM 670.00 PSF

Feb 2023

Road	Price	Land PSF	Land	Date	Type
Level 26	RM 3,500,000	RM 670.00	5,221 sqft	Aug 2023	Condo/Apartment
Level 33	RM 4,220,000	RM 808.00	5,221 sqft	Jun 2023	Condo/Apartment
Level 12	RM 3,500,000	RM 670.00	5,221 sqft	Feb 2023	Condo/Apartment