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 560K to RM 268K, and a typical market range of RM 560K 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 31 to RM 353 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 161) 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. Some price volatility exists, making thorough market research essential before transacting. Steady transaction activity supports reliable market pricing.
