SUNGAI ARA

Penang, Malaysia

58
Properties within neighbourhood
0
Convenience Store
0
Shopping Malls
0
Supermarkets & Markets
0
Public Transport
2
Educations
4
Places of Worship
0
Medicals
0
Banks
2
Petrol Station

low

Crime Level

NIL

Highways

Setia Greens, Stramax Residences, Isle of Palm, Golden Triangle 2, The Clovers, i-Condo, Venti, Imperial Residences, Skycube Residence, Setia Pinnacle, Orchard Ville, The Clovers, Stramax Residences, Ideal Vision Park

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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Sungai Ara *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Sungai Ara is a neighbourhood located in the southeastern side of the Penang Island, approximately 25 minutes by car (or 15 km) from the heart of Penang's state capital, Georgetown. Originally a farming village, Sungai Ara's name is drawn from the name of the Ara river that flows through it.

The neighbourhood has undergone a transformation ever since its early days, as many developers are choosing this area to launch their new projects. The demand for properties is high in Sungai Ara, especially due to the industrial and free trade zones in the south of Penang, as well as with the opening of the Second Penang Bridge leading to the mainland.

There are a mixture of condominium and landed properties in Sungai Ara, ranging from medium-cost to luxury. Developers with properties in the neighbourhood include Asia Green Group, Ideal Property, IOI Properties Group, Palmex Industries, Reka Indah, SP Setia and Zantalite Enterprise.

Sungai Ara is also known to be a relatively safe neighbourhood and a convenient location for those who are working and studying in educational institutions in nearby neighbourhoods such as the University of Science, Malaysia (USM), which is situated in Gelugor, and Inti International College Penang in Bukit Jambul.

Amenities in the vicinity of Sungai Ara include the Sungai Ara Food Court, a wet market, schools like SK Mutiara Perdana, SJK (C) Chong Cheng, SK Sungai Ara and SMK Sungai Ara, as well as petrol stations, convenience stores and clinics. A short distance away from the neighbourhood are even more hypermarkets, retail and food outlets like the Giant Hypermarket, Elit Avenue and Queensbay Mall.

There are several main roads within the neighbourhood, such as Jalan Dato Ismail Hashim and Jalan Tengah. The former used to be called Jalan Sungai Ara, but was renamed after a famous Malaysian Al-Quran reciter – the nine-time champion of the national Qari competition and eight-time international tilawah champion.

Public transportation is pretty convenient in the neighbourhood, with properties nearer to the main roads benefiting from the proximity to bus stops. Rapid Penang buses that pass through the neighbourhood, including 301, 302, 303, 304, 305, 306, 307 and 401E, provide easy access to other areas like Georgetown, Batu Maung, Relau, Sungai Nibong, Bayan Lepas and Balik Pulau.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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