ARTIS 3

Area Intelligence

2021

Median Price

RM 594,000

PSF: RM 666

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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 768K to RM 666K, and a typical market range of RM 768K 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 611 and RM 721. 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 55, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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ARTIS 3, Timur Laut, Penang

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