Condominium - Leasehold
JELUTONG
Penang, Malaysia
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Tun Dr Lim Chong Eu Expressway
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Artis 3, 3 Residence, Setia Sky Ville, Artis 3, Setia Sky Ville
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Transacted Prices
This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).
Did you know?
Transacted Prices will give you an idea of the neighbourhood’s property price trend.
Analysis & Comparison
Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Jelutong *
* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area
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Neighbourhood Review
Accessibility
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Jelutong is one of the most popular districts on the island of Penang. It is a town that is named after the Jelutong hardwood tree which can grow up to 70 metres tall. Unfortunately non of these trees exist in this township anymore.
Jelutong is a satellite town of Georgetown hence its proximity to the capital of Penang. It is neighboured by Georgetown to its east and Air Itam to the west. The main trunk road of the district is Jalan Jelutong, which is accessible to Lebuhraya Tun Dr. Lim Chong Eu. Being the satellite town of Georgetown, the capital is only 10 minutes away. As such, residents of Jelutong also enjoy the complete array of amenities available in the city.
If there is one thing that Jelutong is famous for, it is its night market which is better known as ‘pasar malam’ to the locals. The night market is located on the Van Praagh Road, and opens every Friday night from evenings onwards. Unlike the pasar malams located in the Klang Valley which are famous for their electronics and clothes, the ones in Penang are popular for their food.
Jelutong is touted to have one of the best pasar malams in Penang aside from the one in Farlim, and has an unbelievable array of food. From sugar cane juice to asam laksa and char kway kak to grilled sweet corn, they have it all. Some of their more popular fare are the spicy fried squid rings, bubble tea and oyster see sua. There is so much food here, that it is not unusual for visitors to eat themselves into a food coma.
Quite a number of busses serve the Jelutong neighbourhood, from the local bus service provider Rapid Penang. Passing through the main trunk road Jalan Jelutong are busses number 11, 301, 302, 303, 401 and 704.
This quiet little town comprises a mix of old pre-war structures and modern high rises. While it is the satellite town of Georgetown, it still has a number of quiet little spots. Driving to the mainland of Penang from Jelutong will take about 20 minutes in clear traffic, while the Penang International Airport is also approximately 20 minutes away.
Consumer Price Index
This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015
Did you know?
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)
The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.
The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.
While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.
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