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 3
|
RM 160,000
|
RM 291
|
549 sqft
|
|
|
|
Level 3
|
RM 173,000
|
RM 315
|
549 sqft
|
|
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Market Snapshot
ResidentialRM 166,500
RM 303 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 2024, with a median price of RM 167K and a median price per square foot (PSF) of RM 303.
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 167K, with most transactions falling within a stable range of RM 160K to RM 173K, and a typical market range of RM 160K to RM 173K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
For price per square foot, the median is RM 303, with most transactions between RM 291 and RM 315. The usual range is RM 263.05 to RM 343.55, showing that most units are priced quite close to each other. With an IQR of RM 80.50 and MAD of RM 12, 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.