Penang
Barat Daya
12
ARENA CURVE @ THE ARENA

ARENA CURVE @ THE ARENA

Area Intelligence

2023

Median Price

RM 1,150,000

PSF: RM 1,048

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Commercial PSF Trends

Median Price

RM 1,150,000

RM 1,048 PSF

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 920K to RM 1.38 million, and a typical market range of RM 920K to RM 1.38 million.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 1,048, though individual units vary from RM 838 to RM 1,257 in the core range. The broader market spans RM 692.00 to RM 1,403.00, indicating diverse property characteristics. The spread of RM 711.00 (IQR) and deviation of RM 210 (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.

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ARENA CURVE @ THE ARENA, Barat Daya, Penang

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