DESA ARA

Area Intelligence
2022
Median Price
RM 775,000
PSF: RM 362

Residential PSF Trends

Median Price

RM 775,000

PSF: RM 362

Commercial PSF Trends

Median Price

RM 885,000

RM 884 PSF

DESA ARA in Barat Daya, Penang recorded 14 subsale transactions in 2022, with a median price of RM 775K and a median price per square foot (PSF) of RM 362.

This area contains both residential and commercial properties. View 41 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 775K, with most transactions falling within a stable range of RM 754K to RM 750K, and a typical market range of RM 700K to RM 750K.

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 362, with most transactions between RM 345 and RM 378. The usual range is RM 261.25 to RM 461.75, showing that most units are priced quite close to each other. With an IQR of RM 200.50 and MAD of RM 16, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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DESA ARA, Barat Daya, Penang

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Transactions

3 transactions grouped by size

1,300 sqft
Double Storey Terraced
RM 700,000
CANGKAT SUNGAI. ARA 2
1,281 sqft · RM 546 PSF
RM 720,000
CANGKAT SUNGAI. ARA 4
1,281 sqft · RM 562 PSF
RM 750,000
CANGKAT SUNGAI ARA 5
1,281 sqft · RM 586 PSF

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There are currently no properties listed for sale in this area.

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