Penang
Seberang Perai Tengah
4
TAMAN AROWANA

TAMAN AROWANA

Area Intelligence

2023

Median Price

RM 565,000

PSF: RM 456

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Residential PSF Trends

Median Price

RM 165,000

PSF: RM 225

Commercial PSF Trends

Median Price

RM 580,000

RM 523 PSF

TAMAN AROWANA in Seberang Perai Tengah, Penang recorded 14 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 456.

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 565K, with most transactions falling within a stable range of RM 900K to RM 590K, and a typical market range of RM 900K to RM 810K.

Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.

For price per square foot, the median is RM 456, with most transactions between RM 434 and RM 478. The usual range is RM 299.00 to RM 613.00, showing that most units are priced quite close to each other. With an IQR of RM 314.00 and MAD of RM 22, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN AROWANA, Seberang Perai Tengah, Penang

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