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 2.64 million to RM 4.36 million, and a typical market range of RM 2.66 million to RM 4.34 million.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 670, with core pricing between RM 537 and RM 803. Market pricing typically extends from RM 563.25 to RM 776.75, reflecting moderate variation in unit pricing. The spread of RM 213.50 (IQR) and deviation of RM 133 (MAD) suggest moderate price variations reflecting different property features.
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.
