TAMAN AROWANA in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2024, with a median price of RM 528K and a median price per square foot (PSF) of RM 376.
This area contains both residential and commercial properties. View 12 residential properties or 17 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 528K, with most transactions falling within a stable range of RM 248K to RM 808K, and a typical market range of RM 283K to RM 773K.
Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.
Price per square foot shows a median of RM 376, though individual units vary from RM 200 to RM 552 in the core range. The broader market spans RM 218.50 to RM 532.50, indicating diverse property characteristics. A wider spread (IQR: RM 314.00) and deviation (MAD: RM 176) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
