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.

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

For price per square foot, the median is RM 329, with most transactions between RM 329 and RM 329. The usual range is RM 265.50 to RM 392.50, showing that most units are priced quite close to each other. With an IQR of RM 127.00 and MAD of RM 0, 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.

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ARA MUTIARA, Seberang Perai Utara, Penang

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