ARA MUTIARA in Seberang Perai Utara, Penang recorded 6 subsale transactions in 2023, with a median price of RM 588K and a median price per square foot (PSF) of RM 400.
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 588K, with most transactions falling within a stable range of RM 510K to RM 667K, and a typical market range of RM 525K to RM 651K.
Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.
The median PSF stands at RM 400, with core pricing between RM 354 and RM 447. Market pricing typically extends from RM 336.50 to RM 463.50, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
