ARTIS 3

Area Intelligence

2021

Median Price

RM 500,000

PSF: RM 667

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 667

ARTIS 3 in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 500K and a median price per square foot (PSF) of RM 667.

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 500K, with most transactions falling within a stable range of RM 367K to RM 633K, and a typical market range of RM 376K to RM 625K.

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

For price per square foot, the median is RM 667, with most transactions between RM 624 and RM 711. The usual range is RM 623.63 to RM 710.38, 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.

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ARTIS 3, Timur Laut, Penang

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