The Spring, Bandar Sri Pinang

The Spring is a freehold condominium located in Bandar Sri Pinang, Jelutong. There are 396 units available at this project 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 very big-scale property developer listed on Bursa Malaysia, and it has built about 178 property projects in Malaysia. Other similar projects by the same developer are Bayswater, D'Ambience Residences, Kuching Riverine Resort, Riana Green, Seri Riana Residence, Summer Place, Suriamas Suites, The Epic Residences, The Light Collection 2 and Vertiq.

Property Type
Condominium
Land Tenure
Freehold
Built-up
925 sf - 1,281 sf
Market Price
RM550,000 - RM730,000
Density
396 Units
Completed In
2009
Developer
Launch Price
About RM240 psf

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

The current rental yield of The Spring is around 3.49%, compared to 2.96% 2 years ago in Q3 2020. The highest rental yield ever recorded was 4.52% in Q2 2012; 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 RM590 psf. For price wise, the most expensive one is 4-bedroom / 1,162 sf with a median price of RM610 psf; while the cheapest one is 4-bedroom / 1,238 sf with a median price of RM570 psf.

Latest The Spring for sale listings:

DateTypeBuilt-upPrice
10 Mar 2022Condominium936 sfRM510,000
17 Jan 2022Condominium1,281 sfRM730,000
16 Jan 2022Condominium925 sfRM590,000
12 Jan 2022Condominium936 sfRM538,000
12 Jan 2022Condominium925 sfRM540,000
10 Jan 2022Condominium1,238 sfRM730,000
10 Jan 2022Condominium1,300 sfRM780,000
9 Jan 2022Condominium947 sfRM590,000
9 Jan 2022Condominium925 sfRM540,000
9 Jan 2022Condominium925 sfRM530,000

Latest The Spring for rent listings:

DateTypeBuilt-upRental
22 Jan 2022Condominium1,169 sfRM1,600
21 Jan 2022Condominium1,169 sfRM1,600
17 Jan 2022Condominium950 sfRM1,500
15 Jan 2022Condominium1,238 sfRM1,600
13 Jan 2022Condominium1,169 sfRM1,600
13 Jan 2022Condominium925 sfRM1,500
13 Jan 2022Condominium1,281 sfRM1,800
30 Dec 2021Condominium1,281 sfRM1,550
30 Dec 2021Condominium1,169 sfRM1,600
30 Dec 2021Condominium947 sfRM1,800
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