ARA GREENS

ARA GREENS in Barat Daya, Penang recorded 3 subsale transactions in 2024, with a median price of RM 280K and a median price per square foot (PSF) of RM 431.

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 280K, with most transactions falling within a stable range of RM 251K to RM 300K, and a typical market range of RM 271K to RM 289K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 431, with core pricing between RM 386 and RM 476. Market pricing typically extends from RM 417.50 to RM 444.50, reflecting moderate variation in unit pricing. With an IQR of RM 27.00 and MAD of RM 45, the PSF demonstrates reasonable consistency across the market.

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.