Summer Place
Timur Laut, Penang · High-rise (condo, apartment, flat) · Leasehold
Homes in Summer Place have sold for a median of
RM680,000
RM631 psf on the recorded floor area
Half of the 41 recorded sales fell between RM635,000 and RM820,000. One in ten went under RM595,000, one in ten over RM955,000. Sales run from 24 May 2021 to 15 January 2026.
Down 3% from a RM700,000 median in 2021 to RM680,000 in 2024.
On mudah.my right now — 46 ads naming Summer Place
Sellers are asking a median of
RM641 psf
That is +2% above the RM631 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.
Ads asking between RM649,250 and RM760,000 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Leasehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM700,000 | RM630 psf | 5 |
| 2022 | RM676,500 | RM624 psf | 16 |
| 2023 | RM735,000 | RM652 psf | 7 |
| 2024 | RM680,000 | RM632 psf | 11 |
| 2025 | RM625,000 | RM592 psf | 1 |
| 2026 | RM635,000 | RM627 psf | 1 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Summer Place sits 121 of 154 in that set.
114 cheaper schemes above
27 dearer schemes below
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Summer Place’s own median is RM680,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM680,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM68,000
- Transfer duty (MOT): RM14,400
- Loan duty (0.5%): RM3,060
- Total cash: RM85,460
Monthly carry
- Instalment (35y @ 4.00%): RM2,710
- Total monthly: RM2,710
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Summer Place sold for?
- A median of RM680,000 (RM631 psf), from 41 land-office transactions between 24 May 2021 and 15 January 2026.
- What is a typical band here?
- Half of recorded sales fell between RM635,000 and RM820,000. One in ten went under RM595,000; one in ten over RM955,000.
- Has the median moved?
- From RM700,000 in 2021 to RM680,000 in 2024 (-3%), using only years with five or more sales.
- How do live ads compare?
- Ads naming Summer Place ask a median of RM641 psf — +2% versus the RM631 psf buyers paid here. Same scheme match; not a mark-up on every listing.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.