The Arena
Jalan Mahsuri, Bayan Baru, 11900 Bayan Lepas, Penang, Malaysia
Jalan Mahsuri, Bayan Baru, 11900 Bayan Lepas, Penang, Malaysia
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Market Snapshot
ResidentialRM 655,000
RM 525 psfMedian transaction price
The Arena, Jalan Mahsuri, Bayan Baru, 11900 Bayan Lepas, Penang, Malaysia
MapsThe Arena in Barat Daya, Penang recorded 1 subsale transactions in 2024, with a median price of RM 655K and a median price per square foot (PSF) of RM 525.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 525, with most transactions between RM 525 and RM 525. The usual range is RM 499.08 to RM 550.08, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 0, 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.