ARTIS 3

Area Intelligence

2023

Median Price

RM 744,000

PSF: RM 659

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Residential PSF Trends

Median Price

RM 744,000

PSF: RM 659

ARTIS 3 in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 744K and a median price per square foot (PSF) of RM 659.

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 744K, with most transactions falling within a stable range of RM 728K to RM 499K, and a typical market range of RM 620K to RM 499K.

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

For price per square foot, the median is RM 659, with most transactions between RM 652 and RM 666. The usual range is RM 615.63 to RM 702.38, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 7, 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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ARTIS 3, Timur Laut, Penang

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