TAMAN ARA JAYA

Area Intelligence
2023
Median Price
RM 533,000
PSF: RM 229

Residential PSF Trends

Median Price

RM 393,000

PSF: RM 143

Commercial PSF Trends

Median Price

RM 673,000

RM 314 PSF

TAMAN ARA JAYA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 533K and a median price per square foot (PSF) of RM 229.

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 533K, with most transactions falling within a stable range of RM 393K to RM 673K, and a typical market range of RM 452K to RM 614K.

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 229, though individual units vary from RM 143 to RM 314 in the core range. The broader market spans RM 206.50 to RM 250.50, indicating diverse property characteristics. A wider spread (IQR: RM 44.00) and deviation (MAD: RM 86) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN ARA JAYA, Seberang Perai Utara, Penang

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Transactions

2 transactions grouped by size

2,150 sqft
Double Storey Shop
RM 673,000
JALAN ARA KUDA
2,142 sqft · RM 314 PSF
2,750 sqft
Single Storey Terraced
RM 393,000
JALAN ARA KUDA
2,756 sqft · RM 143 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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