Area Intelligence

ARA MUTIARA

2 properties
2024
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Median Price
RM 526,500
PSF: RM 329

Residential Market

Median Price

RM 423,000

IQR: RM 18
RM 305 PSF 10.6%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 630,000

IQR: RM 106
RM 353 PSF 23.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

ARA MUTIARA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 527K and a median price per square foot (PSF) of RM 329.

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 527K, with most transactions falling within a stable range of RM 423K to RM 630K, and a typical market range of RM 464K to RM 589K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 329, with most transactions between RM 305 and RM 353. The usual range is RM 265.50 to RM 392.50, showing that most units are priced quite close to each other. With an IQR of RM 127.00 and MAD of RM 24, 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. Moderate price stability provides a balanced market for both buyers and sellers. 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

2 properties grouped by size

1,400 sqft
1 units Double Storey Terraced
RM 423,000
ARA MUTIARA
1,389 sqft · RM 305.00 PSF
Jan 2024
1,800 sqft
1 units Double Storey Shop
RM 630,000
OFF JALAN ARA KUDA
1,787 sqft · RM 353.00 PSF
Apr 2024