The Light Linear

Jln Pantai Sinaran, 11700 Gelugor, Pulau Pinang, Malaysia

Property Transactions

8 subsales grouped by size

Median
RM995,000
PSF
RM671
Price Size
Period
transactions middle 50% (P25–P75)
1,450 sqft
Condo
RM1,168,000
Level 15
1,475 sqft · RM792 PSF
RM960,000
Level 4
1,475 sqft · RM651 PSF
RM980,000
Level 8
1,475 sqft · RM665 PSF
RM1,000,000
Level 14
1,475 sqft · RM678 PSF
RM948,000
Level 4
1,475 sqft · RM643 PSF
1,550 sqft
Condo
RM1,290,000
Level 16
1,550 sqft · RM832 PSF
RM990,000
Level 11
1,572 sqft · RM630 PSF
RM1,100,000
Level 11
1,572 sqft · RM700 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM995,000

RM671 psf

Median transaction price

Low

Does THE LIGHT LINEAR rent out well?

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

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Jln Pantai Sinaran, 11700 Gelugor, Pulau Pinang, Malaysia

Maps

The Light Linear in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM995K and a median price per square foot (PSF) of RM671.

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 RM995K, with most transactions falling within a stable range of RM948K to RM1.11 million, and a typical market range of RM948K to RM1.07 million.

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

The median PSF stands at RM671, with core pricing between RM602 and RM741. Market pricing typically extends from RM630.84 to RM711.84, reflecting moderate variation in unit pricing. With an IQR of RM81.00 and MAD of RM69, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.