DESA ARA

Area Intelligence
2023
Median Price
RM 950,000
PSF: RM 355

Residential PSF Trends

Median Price

RM 950,000

PSF: RM 355

Commercial PSF Trends

Median Price

RM 885,000

RM 884 PSF

DESA ARA in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 950K and a median price per square foot (PSF) of RM 355.

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 950K, with most transactions falling within a stable range of RM 913K to RM 987K, and a typical market range of RM 900K to RM 990K.

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 355, with most transactions between RM 349 and RM 361. The usual range is RM 254.75 to RM 455.25, showing that most units are priced quite close to each other. With an IQR of RM 200.50 and MAD of RM 6, 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

2,600 sqft
Double Storey Terraced
RM 900,000
CANGKAT SUNGAI ARA 7
2,583 sqft · RM 348 PSF
2,650 sqft
Double Storey Terraced
RM 950,000
CANGKAT SUNGAI ARA 1
2,626 sqft · RM 362 PSF
2,800 sqft
Double Storey Terraced
RM 990,000
JALAN SUNGAI ARA 1
2,788 sqft · RM 355 PSF

No Properties For Sale

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

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