New Launch vs Subsale Property in Timur Laut (Georgetown)
Are new launches overpriced vs the subsale market? Here's what real transaction data says about transacted prices in Timur Laut (Georgetown), Penang.
Subsale: 12,688 verified transactions · New launches: 0 active projects
PSF Comparison — Timur Laut (Georgetown)
Median price per square foot
New Launch
N/A
median asking PSF
Based on 0 active projects
Subsale (Verified)
RM472
median transacted PSF
RM363 – RM626 range
12,688 verified transactions
Subsale PSF Trend in Timur Laut (Georgetown)
Median transacted price per sqft by year (verified data)
| Year | Median PSF | YoY Change |
|---|---|---|
| 2021 | RM492 | — |
| 2022 | RM478 | -2.8% |
| 2023 | RM468 | -2.1% |
| 2024 | RM481 | +2.8% |
| 2025 | RM461 | -4.2% |
| 2026 | RM440 | -4.6% |
Should You Buy New Launch or Subsale in Timur Laut (Georgetown)?
The decision between a new launch and a subsale property in Timur Laut (Georgetown) depends on your priorities. New launches offer the latest designs, developer warranties, and staged payment during construction — but you pay a premium for that, and there's construction risk.
Subsale properties in Timur Laut (Georgetown) are priced based on what the market will actually bear. Verified transaction data shows the real transacted prices — not developer marketing figures. If the subsale median PSF is significantly below new launch prices, the secondary market may offer better value per square foot, especially in established areas with good rental demand.
For a specific project, check its full subsale transaction history on our transaction search to see real prices paid by buyers in that exact scheme.