Sungai Ara
12, Lebuh Sungai Ara, Kampung Manggis, 11900 Bayan Lepas, Pulau Pinang, Malaysia
12, Lebuh Sungai Ara, Kampung Manggis, 11900 Bayan Lepas, Pulau Pinang, Malaysia
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Market Snapshot
ResidentialRM 142,500
RM 262 psfMedian transaction price
12, Lebuh Sungai Ara, Kampung Manggis, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsSungai Ara in Barat Daya, Penang recorded 2 subsale transactions in 2022, with a median price of RM 143K and a median price per square foot (PSF) of RM 262.
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 143K, with most transactions falling within a stable range of RM 125K to RM 160K, and a typical market range of RM 125K to RM 160K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
The median PSF stands at RM 262, with core pricing between RM 228 and RM 296. Market pricing typically extends from RM 221.36 to RM 301.86, reflecting moderate variation in unit pricing. With an IQR of RM 80.50 and MAD of RM 34, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.