Penang
Seberang Perai Tengah
4
TAMAN AROWANA

TAMAN AROWANA

Area Intelligence

2023

Median Price

RM 248,500

PSF: RM 374

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Residential PSF Trends

Median Price

RM 152,500

PSF: RM 207

Commercial PSF Trends

Median Price

RM 357,500

RM 523 PSF

TAMAN AROWANA in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2023, with a median price of RM 249K and a median price per square foot (PSF) of RM 374.

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 249K, with most transactions falling within a stable range of RM 236K to RM 165K, and a typical market range of RM 140K to RM 165K.

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 374, with most transactions between RM 356 and RM 393. The usual range is RM 217.00 to RM 531.00, showing that most units are priced quite close to each other. With an IQR of RM 314.00 and MAD of RM 19, 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.

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TAMAN AROWANA, Seberang Perai Tengah, Penang

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