ARTIS 3

Area Intelligence

2024

Median Price

RM 557,500

PSF: RM 691

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Residential PSF Trends

Median Price

RM 557,500

PSF: RM 691

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 454K to RM 661K, and a typical market range of RM 433K to RM 682K.

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

The median PSF stands at RM 691, with core pricing between RM 613 and RM 769. Market pricing typically extends from RM 647.63 to RM 734.38, reflecting moderate variation in unit pricing. With an IQR of RM 86.75 and MAD of RM 78, 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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