3 RESIDENCE

3 RESIDENCE in Timur Laut, Penang recorded 15 subsale transactions in 2023, with a median price of RM 670K and a median price per square foot (PSF) of RM 783.

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 670K, with most transactions falling within a stable range of RM 596K to RM 744K, and a typical market range of RM 619K to RM 722K.

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

For price per square foot, the median is RM 783, with most transactions between RM 739 and RM 827. The usual range is RM 759.50 to RM 806.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.00 and an average deviation (MAD) of RM 44 indicate a highly stable PSF trend across properties.

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.