TAMAN SUNGAI ARA

TAMAN SUNGAI ARA in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 1.35 million and a median price per square foot (PSF) of RM 674.

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 1.35 million, with most transactions falling within a stable range of RM 1.34 million to RM 1.35 million, and a typical market range of RM 1.34 million to RM 1.35 million.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 674, with most transactions between RM 669 and RM 678. The usual range is RM 603.25 to RM 743.75, showing that most units are priced quite close to each other. With an IQR of RM 140.50 and MAD of RM 5, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.