Penang
Timur Laut
13
ARTE S

ARTE S

Area Intelligence

2021

Median Price

RM 687,500

PSF: RM 654

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Residential PSF Trends

Median Price

RM 687,500

PSF: RM 654

ARTE S in Timur Laut, Penang recorded 6 subsale transactions in 2021, with a median price of RM 688K and a median price per square foot (PSF) of RM 654.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 688K, with most transactions falling within a stable range of RM 675K to RM 700K, and a typical market range of RM 675K to RM 700K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 654, with most transactions between RM 645 and RM 664. The usual range is RM 573.50 to RM 734.50, showing that most units are priced quite close to each other. With an IQR of RM 161.00 and MAD of RM 10, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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ARTE S, Timur Laut, Penang

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