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
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 140,000
|
RM 255
|
549 sqft
|
|
Flat |
|
Level 1
|
RM 165,000
|
RM 301
|
549 sqft
|
|
LC Flat |
|
Level 4
|
RM 138,000
|
RM 251
|
549 sqft
|
|
LC Flat |
|
Persiaran Sungai Ara 2
|
RM 1,550,000
|
RM 343
|
4,521 sqft
|
|
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Market Snapshot
ResidentialRM 152,500
RM 278 psfMedian transaction price
12, Lebuh Sungai Ara, Kampung Manggis, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsSungai 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 363K.
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 315. Market pricing typically extends from RM 237.55 to RM 318.05, reflecting moderate variation in unit pricing. With an IQR of RM 80.50 and MAD of RM 37, 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.