3 RESIDENCE

3 RESIDENCE in Timur Laut, Penang recorded 41 subsale transactions in 2022, with a median price of RM 645K and a median price per square foot (PSF) of RM 759.

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 645K, with most transactions falling within a stable range of RM 574K to RM 717K, and a typical market range of RM 594K to RM 697K.

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

For price per square foot, the median is RM 759, with most transactions between RM 725 and RM 793. The usual range is RM 735.50 to RM 782.50, 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 34 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. Moderate transaction volume may require patience when buying or selling.