SPRINGFIELD CONDOMINIUM
Barat Daya, Penang · Freehold · 22 transactions
Median Price
RM350K
RM340K – RM430K
Median PSF
RM401
RM373 – RM475
Transactions
22
2022-02 to 2024-10
Size Range
872 – 947
sq.ft (built-up)
Recorded Transactions
Median Price
Median PSF
Market Analysis
Data-driven insights for SPRINGFIELD CONDOMINIUM
Investment Return
Earliest PSF (2022)
RM401
Current PSF (2024)
RM390
Capital Gain
-2.9%
Total Return (est.)
2.6% p.a.
| Capital appreciation (2 years) | -2.9% |
| Annualised capital return | -1.4% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 2.6% p.a. |
| vs Fixed Deposit (3.5% p.a. x 2yr) | -1.9% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield estimated from Penang district averages.
Unit Mix Breakdown
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 850 sqft | 16 | RM350K | RM401 |
| 950 sqft | 6 | RM380K | RM401 |
Market Verdict
PSF Trend: Stable
PSF moved from RM401 (2022) to RM390 (2024)
Liquidity: Moderate
22 transactions over 2 years (~11/year)
8% below Barat Daya average
This project: RM401 PSF vs Barat Daya median: RM438 PSF
Est. Total Return: 2.6% p.a. (below FD)
Capital loss (-1.4% p.a.) + rental yield (~4% p.a.)
Verdict
SPRINGFIELD CONDOMINIUM delivers a modest estimated total return of 2.6% p.a. — comprising -1.4% capital depreciation and ~4% rental yield over 2 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF is in line with the Barat Daya average, suggesting fair market pricing. Best suited for long-term holders, those who value liquidity.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
Transaction History
Showing 5 of 22| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Oct 2024 | Condominium/Apartment | Freehold | 872 | RM401 | RM350K |
| Jul 2024 | Condominium/Apartment | Freehold | 872 | RM344 | RM300K |
| May 2024 | Condominium/Apartment | Freehold | 872 | RM356 | RM310K |
| Apr 2024 | Condominium/Apartment | Freehold | 872 | RM470 | RM410K |
| Apr 2024 | Condominium/Apartment | Freehold | 872 | RM493 | RM430K |
17 more transactions hidden
Full Report Includes
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 22 records
3 interactive charts
Scatter, price & PSF vs Barat Daya & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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