KAWASAN PENEMPATAN SEMULA SG.ARA

KAWASAN PENEMPATAN SEMULA SG.ARA in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 840K and a median price per square foot (PSF) of RM 300.

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 840K, with most transactions falling within a stable range of RM 831K to RM 840K, and a typical market range of RM 820K to RM 840K.

Most transactions involved 2 - 2 1/2 storey semi-detached, though some variety exists in the market.

For price per square foot, the median is RM 300, with most transactions between RM 297 and RM 303. The usual range is RM 262.00 to RM 338.00, showing that most units are priced quite close to each other. With an IQR of RM 76.00 and MAD of RM 3, 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.