TAMAN AROWANA

Area Intelligence
2023
Median Price
RM 565,000
PSF: RM 456

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 495K to RM 500K, and a typical market range of RM 332K to RM 500K.

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

The median PSF stands at RM 456, with core pricing between RM 390 and RM 522. Market pricing typically extends from RM 299.00 to RM 613.00, reflecting moderate variation in unit pricing. With an IQR of RM 314.00 and MAD of RM 66, 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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Transactions

3 transactions grouped by size

650 sqft
3-Storey Shop
RM 332,000
JALAN PMTG PAUH
635 sqft · RM 523 PSF
750 sqft
3-Storey Shop
RM 383,000
JALAN PMTG PAUH
732 sqft · RM 523 PSF
1,300 sqft
3-Storey Shop
RM 500,000
LORONG AROWANA 3
1,302 sqft · RM 384 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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