Area Intelligence

TAMAN ARA MUTIARA

3 properties
Double Storey Shop
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Median Price
RM 680,000
PSF: RM 355

Residential Market

Median Price

RM 473,000

IQR: RM 70
MAD: RM 15
RM 326 PSF 15.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 680,000

IQR: RM 64
RM 355 PSF

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN ARA MUTIARA in Seberang Perai Utara, Penang recorded 3 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 680K and a median price per square foot (PSF) of RM 355.

This area contains both residential and commercial properties. View 37 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 680K, with most transactions falling within a stable range of RM 651K to RM 680K, and a typical market range of RM 618K to RM 680K.

Within the Double Storey Shop category, 2 - 2 1/2 storey terraced dominated the market, with minimal variety in property types.

The median PSF stands at RM 355, with core pricing between RM 295 and RM 415. Market pricing typically extends from RM 320.00 to RM 390.00, reflecting moderate variation in unit pricing. The spread of RM 70.00 (IQR) and deviation of RM 60 (MAD) suggest moderate price variations reflecting different property features.

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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TAMAN ARA MUTIARA, Seberang Perai Utara, Penang

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Transactions

3 properties grouped by size

1,300 sqft
1 units Double Storey Shop
RM 618,000
OFF JALAN ARA KUDA
1,281 sqft · RM 482.00 PSF
Sep 2024
1,900 sqft
2 units Double Storey Shop
RM 680,000
OFF JALAN ARA KUDA
1,916 sqft · RM 355.00 PSF
Aug 2024
RM 680,000
OFF JALAN ARA KUDA
1,916 sqft · RM 355.00 PSF
Aug 2024