ARTIS 3 in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 558K and a median price per square foot (PSF) of RM 691.
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 558K, with most transactions falling within a stable range of RM 425K to RM 691K, and a typical market range of RM 433K to RM 682K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 691, with most transactions between RM 648 and RM 735. The usual range is RM 647.63 to RM 734.38, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 44, 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.
