3 RESIDENCE Transaction Price & PSF
3 RESIDENCE Condominium/Apartment Residential Property Market | residential | Data through April 2025
This market article presents a targeted snapshot of the residential segment for Condominium/Apartment in Pulau Pinang. The aim is to explain how to interpret the transaction benchmarks captured in the dataset and to describe what buyers can learn without assuming outcomes about price growth or investment results.
Market overview
Within the reference area, the data points to Timur Laut as a principal district and Georgetown as the corresponding mukim within the dataset scope. The Condominium/Apartment category remains the main focus of activity under the selected scheme context, and transaction activity shows variation across the period in the dataset, reflecting cyclical participation in the market.
Property type benchmarks
The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.
Condominium/Apartment
In the residential segment, condominium/apartment units form the core of the observed market within Timur Laut and Georgetown. The pattern of activity is tied to the scheme level, and readers should compare this category with other residential types when evaluating benchmarks.
How to interpret this market
Readers can use transaction benchmarks as a frame of reference for assessing how a given property compares within its category and scheme. However, individual units may differ in location within the district, layout and condition, so benchmarks should not be treated as guarantees for any single property.
Explore the underlying market
View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.
View Timur Laut property dataFrequently asked questions
What does this market snapshot cover?
The data represents residential transactions within Pulau Pinang for condominiums and apartments, focusing on the scheme and submarket context described in the dataset. It is intended to support cautious interpretation of transaction benchmarks rather than future outcomes.
How should buyers use transaction benchmarks?
Benchmarks provide a frame of reference for comparing like properties within the same category and scheme. They should be interpreted alongside the specific features of an individual unit, not as a guaranteed result.
Should I compare different property categories together?
No. The guidance is to compare property categories separately to ensure meaningful interpretation of benchmarks.
Summary
Overall, readers are encouraged to use the benchmarks to compare like with like across property types and schemes, while acknowledging that individual properties may differ. The article emphasizes separate comparisons for different property categories and careful interpretation of market data.
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Methodology
Median transaction price for the selected market scope.
Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.
Unavailable measurements are not estimated or inferred.
Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.