ARA MUTIARA

Area Intelligence

2024

Median Price

RM 526,500

PSF: RM 329

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Residential PSF Trends

Median Price

RM 423,000

PSF: RM 305

Commercial PSF Trends

Median Price

RM 630,000

RM 353 PSF

ARA MUTIARA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 527K and a median price per square foot (PSF) of RM 329.

This area contains both residential and commercial properties. View 3 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 527K, with most transactions falling within a stable range of RM 448K to RM 605K, and a typical market range of RM 464K to RM 589K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 329, with core pricing between RM 283 and RM 376. Market pricing typically extends from RM 265.50 to RM 392.50, reflecting moderate variation in unit pricing. With an IQR of RM 127.00 and MAD of RM 47, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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ARA MUTIARA, Seberang Perai Utara, Penang

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