Penang
Seberang Perai Tengah
4
TAMAN AROWANA

TAMAN AROWANA

Area Intelligence

2022

Median Price

RM 585,000

PSF: RM 417

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Residential PSF Trends

Median Price

RM 139,000

PSF: RM 183

Commercial PSF Trends

Median Price

RM 585,000

RM 417 PSF

TAMAN AROWANA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 585K and a median price per square foot (PSF) of RM 417.

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 585K, with most transactions falling within a stable range of RM 520K to RM 650K, and a typical market range of RM 520K to RM 650K.

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

The median PSF stands at RM 417, with core pricing between RM 369 and RM 465. Market pricing typically extends from RM 260.00 to RM 574.00, reflecting moderate variation in unit pricing. With an IQR of RM 314.00 and MAD of RM 48, 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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