Penang
Seberang Perai Utara
13
TAMAN ARA JAYA

TAMAN ARA JAYA

Area Intelligence

2022

Median Price

RM 250,000

PSF: RM 192

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Residential PSF Trends

Median Price

RM 250,000

PSF: RM 192

Commercial PSF Trends

Median Price

RM 560,000

RM 430 PSF

TAMAN ARA JAYA in Seberang Perai Utara, Penang recorded 124 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 192.

This area contains both residential and commercial properties. View 129 residential properties or 24 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 250K, with most transactions falling within a stable range of RM 250K to RM 340K, and a typical market range of RM 250K to RM 331K.

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

Price per square foot shows a median of RM 192, though individual units vary from RM 143 to RM 241 in the core range. The broader market spans RM 170.00 to RM 214.00, indicating diverse property characteristics. A wider spread (IQR: RM 44.00) and deviation (MAD: RM 49) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Steady transaction activity supports reliable market pricing.

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TAMAN ARA JAYA, Seberang Perai Utara, Penang

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