THE SPRING Transaction Price & PSF
THE SPRING Condominium/Apartment Residential Property Market | residential | Data through November 2024
This market article focuses on the residential segment for Condominium/Apartment within THE SPRING, located in Timur Laut district, Georgetown mukim, Pulau Pinang. The purpose is to explain how to read the transaction data and the transaction benchmark scheme, and to help readers interpret observed data without asserting price movements or future value.
Market overview
Within the residential segment, activity centers on THE SPRING as a notable scheme in the Timur Laut-Georgetown area. The data show that THE SPRING is a leading scheme in this market subset, with observed transactions concentrated there. Readers should interpret the overall mix as an account of what has occurred in the period covered by the dataset, and not as a forecast. Also, different property categories should be read separately to avoid conflating patterns across types.
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
In this residential dataset, Condominium/Apartment is the represented property type for THE SPRING and is associated with ongoing transaction activity within the observed market. The interpretation should consider this category as the focal point of the residential segment in this scheme.
How to interpret this market
Readers can use the transaction benchmarks as a contextual guide to understand where a property might sit relative to observed activity in THE SPRING. Recognise that an individual property can differ in location, layout, or condition, so benchmarks are guides rather than guarantees. Because the data divides market activity by property category, readers should compare like with like by focusing on property types separately.
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 THE SPRING transaction benchmark represent in this residential segment?
The benchmark reflects observed transactions within THE SPRING for Condominium/Apartment in the Timur Laut-Georgetown area. It is a reference point to understand where a property sits within the range of data, not a forecast of future values.
Why is it important to compare different property categories separately?
The data is organised by property category, so comparing within the same category helps avoid mixing patterns that arise from different segments or types.
What should readers keep in mind when using this market snapshot?
The report describes observed activity and scheme level information. It does not provide valuations, predictions, or guarantees, and some aspects of the market beyond the dataset are not described.
Summary
This analysis should be used to frame an understanding of where Condominium/Apartment transactions within THE SPRING sit in the broader residential market for Pulau Pinang, while keeping comparisons across property types separate and treating benchmarks as informative rather than prescriptive.
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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%.