TAMAN ARA JAYA in Seberang Perai Utara, Penang recorded 9 subsale transactions in 2023, with a median price of RM 546K and a median price per square foot (PSF) of RM 314.
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 546K, with most transactions falling within a stable range of RM 476K to RM 616K, and a typical market range of RM 465K to RM 627K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
For price per square foot, the median is RM 314, with most transactions between RM 287 and RM 341. The usual range is RM 292.00 to RM 336.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 44.00 and an average deviation (MAD) of RM 27 indicate a highly stable PSF trend across properties.
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.
