Desa Ara
Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Changkat Sungai Ara
|
RM 810,000
|
RM 570
|
1,421 sqft
|
|
2-Sty Terrace |
| 2023 | |||||
|
Cangkat Sungai. Ara 9
|
RM 675,000
|
RM 475
|
1,421 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 742,500
RM 523 psfMedian transaction price
Sungai Ara, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsDesa Ara in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM 743K and a median price per square foot (PSF) of RM 523.
This area contains both residential and commercial properties. View 45 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 743K, with most transactions falling within a stable range of RM 675K to RM 810K, and a typical market range of RM 675K to RM 810K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 523, with most transactions between RM 475 and RM 570. The usual range is RM 422.33 to RM 622.83, showing that most units are priced quite close to each other. With an IQR of RM 200.50 and MAD of RM 48, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.