Summer Place

Jelutong, Penang, Malaysia

Property Transactions

16 subsales grouped by size

Median
RM676,500
PSF
RM624

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
1,000 sqft
Condo
RM575,000
Level 2
1,012 sqft · RM568 PSF
RM750,000
Level 11
1,012 sqft · RM741 PSF
RM700,000
Level 14
1,012 sqft · RM692 PSF
RM650,000
Level 4
1,012 sqft · RM642 PSF
RM630,000
Level 11
1,012 sqft · RM623 PSF
RM625,000
Level 18
1,012 sqft · RM618 PSF
+3 more
1,100 sqft
Condo
RM675,000
Level 9
1,109 sqft · RM609 PSF
RM678,000
Level 19
1,109 sqft · RM612 PSF
1,300 sqft
Condo
RM820,000
Level 10
1,313 sqft · RM624 PSF
RM740,000
Level 6
1,313 sqft · RM564 PSF
1,450 sqft
Condo
RM948,000
Level 7
1,464 sqft · RM648 PSF
RM1,120,000
Level 13
1,464 sqft · RM765 PSF
RM980,000
Level 4
1,464 sqft · RM669 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM676,500

RM624 psf

Median transaction price

Low

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Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Summer Place, Jelutong, Penang, Malaysia

Maps

Summer Place in Timur Laut, Penang recorded 16 subsale transactions in 2022, with a median price of RM677K and a median price per square foot (PSF) of RM624.

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 RM677K, with most transactions falling within a stable range of RM575K to RM829K, and a typical market range of RM589K to RM765K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM624, with most transactions between RM568 and RM679. The usual range is RM594.29 to RM652.79, showing that most units are priced quite close to each other. With an IQR of RM58.50 and MAD of RM56, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.