FERINGGI RESIDENCE Transaction Price & PSF
FERINGGI RESIDENCE Condominium/Apartment Residential Property Market | residential | Data through October 2024
This analysis examines the residential market segment within the FERINGGI RESIDENCE scheme in Timur Laut, Pulau Pinang, focusing on Condominium/Apartment transactions. The aim is to explain how the transaction benchmark should be read and how buyers can navigate the data without implying guarantees or future price movements.
Market overview
The observed activity in this residential segment centers on Condominium/Apartment units within the FERINGGI RESIDENCE scheme. Timur Laut is the primary district represented, with mukim seventeen serving as the associated subdivision. The data span multiple years, showing fluctuations in activity, while the central focus remains the scheme and its usual unit format. As the dataset highlights the FERINGGI RESIDENCE scheme as the leading context, readers should interpret price patterns and transaction dynamics within that specific setting rather than across unrelated categories.
Property type benchmarks
The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.
Condominium/Apartment
Within the residential segment, transactions for Condominium/Apartment form the core focus of the observed market activity. This category is the dominant format within the FERINGGI RESIDENCE data, aligning with the scheme’s typical unit type. Readers should compare this category within the same district and scheme to understand price patterns and transaction dynamics.
How to interpret this market
Transaction benchmarks provide a reference for context, but they are not a guarantee of individual outcomes. Use benchmarks as a guide for the same property type within the same district and scheme, and consider property specifics such as size, floor level, view and condition when assessing value. Different property categories have distinct market dynamics, so do not compare categories directly and instead focus on within-category comparisons to form a grounded view of the market.
Explore the underlying market
View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.
View Timur Laut property dataFrequently asked questions
What does the transaction benchmark convey for FERINGGI RESIDENCE in the residential segment?
The data indicate ongoing activity for Condominium/Apartment within the FERINGGI RESIDENCE scheme and reflect the observed price distribution for this format within the district, without implying guarantees or forecasts.
Should I compare prices across different property categories?
No, different property categories should be compared separately to avoid mixing distinct market dynamics.
Can these figures predict future movements in property values?
No, the figures represent past transactions and should be used as a reference alongside property-specific factors when forming a view of value.
Summary
To navigate this market, compare within the same property type and within the FERINGGI RESIDENCE context, using transaction benchmarks as a guide rather than a forecast. Maintain a cautious approach and acknowledge that individual property features can influence outcomes beyond the benchmark context.
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Methodology
Median transaction price for the selected market scope.
Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.
Unavailable measurements are not estimated or inferred.
Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.