THE SPRING
Timur Laut, Penang · Leasehold · 31 transactions
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)
Recorded Transactions
Median Price
Median PSF
Market Analysis
Data-driven insights for THE SPRING
Investment Return
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 estimated from Penang district averages.
Unit Mix Breakdown
| 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 |
Market Verdict
PSF Trend: Stable
PSF moved from RM554 (2021) to RM551 (2024)
Liquidity: Moderate
31 transactions over 3 years (~10/year)
19% above Timur Laut average
This project: RM546 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 3.8% p.a. (beats FD)
Capital loss (-0.2% p.a.) + rental yield (~4% p.a.)
Verdict
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 19% above the Timur Laut average, reflecting its positioning as a premium development in the area. Best suited for those who value liquidity.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
Transaction History
Showing 5 of 31| 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 |
26 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 31 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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