Area Intelligence

ARA MUTIARA

5 properties
Double Storey Shop
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Median Price
RM 588,000
PSF: RM 459

Residential Market

Median Price

RM 473,000

IQR: RM 18
RM 341 PSF 10.6%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 588,000

IQR: RM 106
RM 459 PSF 23.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

ARA MUTIARA in Seberang Perai Utara, Penang recorded 5 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 588K and a median price per square foot (PSF) of RM 459.

This area contains both residential and commercial properties. View 3 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 588K, with most transactions falling within a stable range of RM 588K to RM 662K, and a typical market range of RM 588K to RM 651K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, though some variety exists in the market.

The median PSF stands at RM 459, with core pricing between RM 391 and RM 527. Market pricing typically extends from RM 395.50 to RM 522.50, reflecting moderate variation in unit pricing. With an IQR of RM 127.00 and MAD of RM 68, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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ARA MUTIARA, Seberang Perai Utara, Penang

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Transactions

5 properties grouped by size

1,300 sqft
3 units Double Storey Shop
RM 588,000
OFF JALAN ARA KUDA
1,281 sqft · RM 459.00 PSF
Oct 2023
RM 588,000
OFF JALAN ARA KUDA
1,281 sqft · RM 459.00 PSF
Sep 2023
RM 588,000
OFF JALAN ARA KUDA
1,281 sqft · RM 459.00 PSF
Aug 2023
1,800 sqft
1 units Double Storey Shop
RM 630,000
OFF JALAN ARA KUDA
1,787 sqft · RM 353.00 PSF
Apr 2024
2,650 sqft
1 units Double Storey Shop
RM 780,000
OFF JALAN ARA KUDA
2,637 sqft · RM 296.00 PSF
Oct 2023