3 RESIDENCE

Area Intelligence

2021

Median Price

RM 795,000

PSF: RM 768

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Residential PSF Trends

Median Price

RM 795,000

PSF: RM 768

3 RESIDENCE in Timur Laut, Penang recorded 11 subsale transactions in 2021, with a median price of RM 795K and a median price per square foot (PSF) of RM 768.

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 795K, with most transactions falling within a stable range of RM 760K to RM 830K, and a typical market range of RM 745K to RM 843K.

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

For price per square foot, the median is RM 768, with most transactions between RM 736 and RM 800. The usual range is RM 744.50 to RM 791.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.00 and an average deviation (MAD) of RM 32 indicate a highly stable PSF trend across properties.

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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3 RESIDENCE, Timur Laut, Penang

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Transactions

11 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

1,050 sqft

Condo/Apartment

1,050 sqft

Condo/Apartment

RM 840,000

Level 29

1,033 sqft · RM 813 PSF

Dec 2021

RM 812,000

Level 24

1,033 sqft · RM 786 PSF

Nov 2021

RM 795,000

Level 46

1,033 sqft · RM 769 PSF

Nov 2021

RM 777,000

Level 11

1,033 sqft · RM 752 PSF

Oct 2021

RM 802,000

Level 25

1,033 sqft · RM 776 PSF

Sep 2021

RM 732,000

Level 8

1,033 sqft · RM 708 PSF

Apr 2021

Level 29	RM 840,000	RM 813	1,033 sqft	Dec 2021
Level 24	RM 812,000	RM 786	1,033 sqft	Nov 2021
Level 46	RM 795,000	RM 769	1,033 sqft	Nov 2021
Level 11	RM 777,000	RM 752	1,033 sqft	Oct 2021
Level 25	RM 802,000	RM 776	1,033 sqft	Sep 2021
Level 8	RM 732,000	RM 708	1,033 sqft	Apr 2021