SUMMER PLACE Transaction Price & PSF
SUMMER PLACE Condominium/Apartment Residential Property Market | residential | Data through April 2025
This market snapshot analyzes the SUMMER PLACE scheme within the residential segment of Pulau Pinang, focusing on Condominium/Apartment transactions in the Timur Laut district and Georgetown mukim. The aim is to explain how to interpret the scheme data without making claims about demand, appreciation or future returns.
Market overview
Within the Timur Laut district and Georgetown mukim, the residential Condominium/Apartment segment shows SUMMER PLACE as the central focus of documented activity. The observed activity is modest relative to the historical peak in the period, and activity concentrates within this scheme. The price distribution points to a clustering around a mid to upper level, reflecting a balance between entry points and perceived value in the scheme and surrounding submarket.
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
Condominium/Apartment is the dominant residential category within this market snapshot. Transactions in this category reflect a range of unit sizes and finishes within the SUMMER PLACE scheme and wider submarket. Readers should compare this category separately from other types, to avoid mixing different market drivers.
How to interpret this market
Readers can use transaction benchmarks as a guide to understand relative price levels and activity patterns, recognizing that individual properties may differ in size, condition and exact location within the scheme.
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 SUMMER PLACE data tell us about the residential market in Timur Laut?
The data indicates concentration of activity within the SUMMER PLACE scheme in the Condominium/Apartment segment, based on documented transactions across the period.
How should I use the transaction benchmarks when evaluating a property?
Use benchmarks as a relative reference to compare similar schemes or categories, while acknowledging that each property can vary in size, condition and location.
Can I expect price appreciation based on this data?
The data does not provide guidance on appreciation or future returns; focus on comparing within the same category and scheme.
Summary
In summary, readers should compare property types separately and use transaction benchmarks as relative guides. The SUMMER PLACE condominium/apartment activity in Georgetown demonstrates defined patterns that warrant careful interpretation.
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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%.