ARENA RESIDENCE @ THE ARENA

ARENA RESIDENCE @ THE ARENA in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 655K and a median price per square foot (PSF) of RM 499.

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 655K, with most transactions falling within a stable range of RM 605K to RM 705K, and a typical market range of RM 613K to RM 697K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 499, with most transactions between RM 475 and RM 524. The usual range is RM 476.25 to RM 521.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 45.50 and an average deviation (MAD) of RM 25 indicate a highly stable PSF trend across properties.

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.