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 180K to RM 320K, and a typical market range of RM 169K to RM 331K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 192, with core pricing between RM 165 and RM 219. Market pricing typically extends from RM 170.00 to RM 214.00, reflecting moderate variation in unit pricing. With an IQR of RM 44.00 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Steady transaction activity supports reliable market pricing.
