Area Intelligence

TAMAN ARA JAYA

24 properties
Double Storey Shop
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Median Price
RM 575,000
PSF: RM 438

Residential Market

Median Price

RM 250,000

IQR: RM 28
MAD: RM 15
RM 192 PSF 7.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 575,000

IQR: RM 11
MAD: RM 8
RM 438 PSF 1.3%

PSF Trends (2021-2025)

TAMAN ARA JAYA in Seberang Perai Utara, Penang recorded 24 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 575K and a median price per square foot (PSF) of RM 438.

This area contains both residential and commercial properties. View 128 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 575K, with most transactions falling within a stable range of RM 546K to RM 627K, and a typical market range of RM 546K to RM 657K.

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

The median PSF stands at RM 438, with core pricing between RM 392 and RM 484. Market pricing typically extends from RM 416.00 to RM 460.00, reflecting moderate variation in unit pricing. With an IQR of RM 44.00 and MAD of RM 46, 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. Moderate transaction volume may require patience when buying or selling.

Area Location

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TAMAN ARA JAYA, Seberang Perai Utara, Penang

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Transactions

24 properties grouped by size

1,300 sqft
19 units (showing 6) Double Storey Shop
RM 560,000
JALAN ARA JAYA
1,302 sqft · RM 430.00 PSF
Oct 2024
RM 695,000
JALAN ARA JAYA
1,302 sqft · RM 534.00 PSF
Oct 2024
RM 695,000
JALAN ARA JAYA
1,302 sqft · RM 534.00 PSF
Sep 2024
RM 560,000
JALAN ARA KUDA
1,302 sqft · RM 430.00 PSF
May 2024
RM 580,000
JALAN ARA KUDA
1,302 sqft · RM 445.00 PSF
Apr 2024
RM 575,000
JALAN ARA KUDA
1,302 sqft · RM 441.00 PSF
Mar 2024
1,450 sqft
1 units Double Storey Shop
RM 664,000
JALAN ARA KUDA
1,464 sqft · RM 454.00 PSF
Apr 2024
1,500 sqft
1 units Double Storey Shop
RM 675,000
JALAN ARA KUDA
1,496 sqft · RM 451.00 PSF
Apr 2024
1,550 sqft
1 units Double Storey Shop
RM 670,000
JALAN ARA KUDA
1,539 sqft · RM 435.00 PSF
Apr 2024
2,150 sqft
2 units Double Storey Shop
RM 673,000
JALAN ARA KUDA
2,142 sqft · RM 314.00 PSF
Feb 2024
RM 673,000
JALAN ARA KUDA
2,142 sqft · RM 314.00 PSF
Oct 2023