The Spring, Bandar Sri Pinang

The Spring is a freehold condominium that is located in Bandar Sri Pinang, Jelutong. There are 396 units available at this condominium with built-up from 925 sf to 1,281 sf. It was developed by IJM Land Bhd with a launch price at about RM240 psf, and was completed in around 2009.

IJM Land Bhd is a gigantic property developer listed on Bursa Malaysia, and it has built about 180 property projects in Malaysia. Other similar projects by the same developer are Bayswater, D'Ambience Residences, Kalista Residence, Monte Bayu, Riana Green, Sri Utama Condominiums, Summer Place, Suriamas Suites, The Epic Residences and Vertiq.

Property Type
Condominium
Land Tenure
Freehold
Built-up
925 sf - 1,281 sf
Market Price
RM520,000 - RM690,000
Total Units
396 Units
Completion Date
2009
Developer
Launch Price
About RM240 psf

The only amenities nearby this condominium are some schools. Some of the schools here include Akidz Schooling Community, Cambridge International School, SK Jelutong and Wesley Methodist School Penang (International).

The current rental yield of The Spring is around 4.07%, compared to 3.61% a year ago in Q3 2022. The highest rental yield ever recorded was 4.38% in Q3 2023; while the lowest one was 2.25% in Q1 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at The Spring is 3-bedroom / 925 sf with a median price of RM560 psf. For price wise, the most expensive one is 4-bedroom / 1,162 sf with a median price of RM570 psf; while the cheapest one is 4-bedroom / 1,238 sf with a median price of RM540 psf.

Latest The Spring sale listings:

DateProperty TypeBuilt-upPrice
23 Feb 2024Condominium1,250 sfRM680,000
22 Feb 2024Condominium925 sfRM500,000
8 Feb 2024Condominium925 sfRM565,002
7 Feb 2024Condominium925 sfRM560,000
6 Feb 2024Condominium1,281 sfRM730,000
29 Jan 2024Condominium936 sfRM525,000
29 Jan 2024Condominium926 sfRM530,000
29 Jan 2024Condominium925 sfRM590,000
27 Jan 2024Condominium1,281 sfRM680,000
26 Jan 2024Condominium925 sfRM550,000

Latest The Spring rental listings:

DateProperty TypeBuilt-upRental
25 Jan 2024Condominium1,162 sfRM1,900
24 Jan 2024Condominium950 sfRM1,800
22 Jan 2024Condominium1,169 sfRM1,900
19 Jan 2024Condominium1,170 sfRM1,900
19 Jan 2024Condominium1,200 sfRM1,900
27 Dec 2023Condominium947 sfRM1,600
22 Dec 2023Condominium1,162 sfRM1,800
13 Dec 2023Master Room-NA-RM900
30 Nov 2023Condominium1,238 sfRM2,000
1 Dec 2023Condominium1,169 sfRM1,900
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