ARTIS 3

Area Intelligence

2022

Median Price

RM 498,000

PSF: RM 683

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Residential PSF Trends

Median Price

RM 498,000

PSF: RM 683

ARTIS 3 in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 498K and a median price per square foot (PSF) of RM 683.

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 498K, with most transactions falling within a stable range of RM 484K to RM 500K, and a typical market range of RM 470K to RM 500K.

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

For price per square foot, the median is RM 683, with most transactions between RM 653 and RM 713. The usual range is RM 639.63 to RM 726.38, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 30, 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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