SUNGAI ARA

SUNGAI ARA in Barat Daya, Penang recorded 4 subsale transactions in 2023, with a median price of RM 153K and a median price per square foot (PSF) of RM 278.

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 153K, with most transactions falling within a stable range of RM 138K to RM 760K, and a typical market range of RM 138K to RM 169K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

The median PSF stands at RM 278, with core pricing between RM 240 and RM 316. Market pricing typically extends from RM 248.00 to RM 308.00, reflecting moderate variation in unit pricing. With an IQR of RM 60.00 and MAD of RM 38, 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.