3 RESIDENCE

3 RESIDENCE in Timur Laut, Penang recorded 11 subsale transactions in 2024, with a median price of RM 715K and a median price per square foot (PSF) of RM 823.

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 715K, with most transactions falling within a stable range of RM 630K to RM 800K, and a typical market range of RM 664K to RM 767K.

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

For price per square foot, the median is RM 823, with most transactions between RM 772 and RM 874. The usual range is RM 799.50 to RM 846.50, 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 51 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.