ARTIS 3

Area Intelligence
2021
Median Price
RM 594,000
PSF: RM 666

Residential PSF Trends

Median Price

RM 594,000

PSF: RM 666

ARTIS 3 in Timur Laut, Penang recorded 6 subsale transactions in 2021, with a median price of RM 594K and a median price per square foot (PSF) of RM 666.

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 594K, with most transactions falling within a stable range of RM 500K to RM 746K, and a typical market range of RM 500K to RM 719K.

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

For price per square foot, the median is RM 666, with most transactions between RM 603 and RM 728. The usual range is RM 622.13 to RM 708.88, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 62, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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ARTIS 3, Timur Laut, Penang

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Transactions

5 transactions grouped by size

750 sqft
Condo/Apartment
RM 500,000
Level 23
753 sqft · RM 664 PSF
RM 538,000
Level 20
753 sqft · RM 714 PSF
1,150 sqft
Condo/Apartment
RM 650,000
Level 14
1,173 sqft · RM 554 PSF
1,300 sqft
Condo/Apartment
RM 768,000
Level 23
1,302 sqft · RM 590 PSF
RM 912,000
Level 33
1,302 sqft · RM 700 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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