Timur Laut, Penang · Leasehold · 31 transactions
Estimated Market Value
Units (926–1281 sqft) estimated at RM505K – RM699K based on median PSF of RM546/sqft (31 verified transactions)
-0.6%
since 2021
Median Price
RM535K
RM500K – RM600K
Median PSF
RM546
RM527 – RM578
Transactions
31
2021-07 to 2024-11
Size Range
926 – 1281
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Nov 2024 | Condominium/Apartment | Leasehold | 926 | RM540 | RM500K |
| Aug 2024 | Condominium/Apartment | Leasehold | 926 | RM546 | RM505K |
| Jun 2024 | Condominium/Apartment | Leasehold | 926 | RM551 | RM510K |
| Jun 2024 | Condominium/Apartment | Leasehold | 926 | RM583 | RM540K |
| Jun 2024 | Condominium/Apartment | Leasehold | 1,281 | RM601 | RM770K |
| Jun 2024 | Condominium/Apartment | Leasehold | 1,281 | RM523 | RM670K |
| May 2024 | Condominium/Apartment | Leasehold | 926 | RM578 | RM535K |
| Apr 2024 | Condominium/Apartment | Leasehold | 926 | RM527 | RM488K |
23 more transactions hidden
THE SPRING · 31 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2021–2024 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Timur Laut average
All 31 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Timur Laut & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
Data-driven insights for THE SPRING
Earliest PSF (2021)
RM554
Current PSF (2024)
RM551
Capital Gain
-0.6%
Total Return (est.)
3.8% p.a.
| Capital appreciation (3 years) | -0.6% |
| Annualised capital return | -0.2% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 3.8% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | +0.9% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM1,800/mo
Rent Range
RM1500-2100
25th – 75th pct
Rent PSF
RM1.82
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM1,500/mo |
| Semi Furnished | RM1,800/mo |
| Fully Furnished | RM2,300/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 950 sqft | 23 | RM520K | RM554 |
| 1,150 sqft | 2 | RM605K | RM520 |
| 1,250 sqft | 2 | RM680K | RM549 |
| 1,300 sqft | 4 | RM670K | RM523 |
PSF Trend: Stable
PSF moved from RM554 (2021) to RM551 (2024)
Liquidity: Moderate
31 transactions over 3 years (~10/year)
24% above Timur Laut average
This project: RM546 PSF vs Timur Laut median: RM440 PSF
Est. Total Return: 3.8% p.a. (beats FD)
Capital loss (-0.2% p.a.) + rental yield (~4% p.a.)
THE SPRING delivers a moderate estimated total return of 3.8% p.a. — comprising -0.2% capital depreciation and ~4% rental yield over 3 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF is 24% above the Timur Laut average, reflecting its positioning as a premium development in the area. Best suited for those who value liquidity.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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