ARENA CURVE @ THE ARENA in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 1.15 million and a median price per square foot (PSF) of RM 1,048.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.15 million, with most transactions falling within a stable range of RM 930K to RM 1.37 million, and a typical market range of RM 779K to RM 1.52 million.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
The median PSF stands at RM 1,048, with core pricing between RM 848 and RM 1,248. Market pricing typically extends from RM 692.00 to RM 1,403.00, reflecting moderate variation in unit pricing. The spread of RM 711.00 (IQR) and deviation of RM 200 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
