Penang
Barat Daya
12
ARENA CURVE @ THE ARENA

ARENA CURVE @ THE ARENA

Area Intelligence

2024

Median Price

RM 594,000

PSF: RM 521

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Commercial PSF Trends

Median Price

RM 594,000

RM 521 PSF

ARENA CURVE @ THE ARENA in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM 594K and a median price per square foot (PSF) of RM 521.

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 594K, with most transactions falling within a stable range of RM 512K to RM 650K, and a typical market range of RM 450K to RM 650K.

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

The median PSF stands at RM 521, with core pricing between RM 443 and RM 599. Market pricing typically extends from RM 165.50 to RM 876.50, reflecting moderate variation in unit pricing. With an IQR of RM 711.00 and MAD of RM 78, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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ARENA CURVE @ THE ARENA, Barat Daya, Penang

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