ARTIS 3

Area Intelligence

2024

Median Price

RM 754,500

PSF: RM 613

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Residential PSF Trends

Median Price

RM 754,500

PSF: RM 613

ARTIS 3 in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 755K and a median price per square foot (PSF) of RM 613.

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 755K, with most transactions falling within a stable range of RM 739K to RM 770K, and a typical market range of RM 739K to RM 770K.

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

For price per square foot, the median is RM 613, with most transactions between RM 608 and RM 617. The usual range is RM 569.13 to RM 655.88, showing that most units are priced quite close to each other. With an IQR of RM 86.75 and MAD of RM 5, 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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