Area Intelligence

TAMAN ARA MUTIARA

5 properties
2024
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Median Price
RM 618,000
PSF: RM 355

Residential Market

Median Price

RM 532,500

IQR: RM 70
MAD: RM 15
RM 275 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 5 subsale transactions in 2024, with a median price of RM 618K 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 618K, with most transactions falling within a stable range of RM 542K to RM 680K, and a typical market range of RM 553K to RM 680K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 355, though individual units vary from RM 268 to RM 442 in the core range. The broader market spans RM 320.00 to RM 390.00, indicating diverse property characteristics. The spread of RM 70.00 (IQR) and deviation of RM 87 (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

5 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
1,400 sqft
1 units Double Storey Terraced
RM 473,000
JALAN ARA KUDA
1,389 sqft · RM 341.00 PSF
May 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
2,850 sqft
1 units Double Storey Terraced
RM 592,000
JALAN ARA KUDA
2,842 sqft · RM 208.00 PSF
Sep 2024