Sungai Ara, Penang Island
Sungai Ara is a town that is located in Penang Island, Penang. Sungai Ara in Penang is a great example of a mixed cost residential area that satisfies the needs of investors looking for high rise and landed properties. Thanks to its strategic location near Bayan Lepas Free Industrial Zone and the Second Penang Bridge, it sees a lot of demand for property investments. The area is easy to access but its main roads face heavy traffic during peak hours. One of the perks of living in Sungai Ara is proximity to the industrial zone and state airport, which is why most of the residents are MNC employees. Investors looking to tap into this market might consider providing rental properties or well-located commercial spaces.
The built-up available in this town is 1,280 sf to 4,000 sf for houses. Other neighbouring towns nearby are Bayan Baru, Bukit Jambul, Pantai Jerjak, Relau, Setia Pearl Island, Sungai Dua and Sungai Nibong.
This town has some amenities nearby, i.e. hospitals, schools and universities. The following are some of the main hospitals here:
- H Medical Centre
- Pantai Hospital Penang
- Pearl Maternity Hospital
As for schools, there are SJK (C) Chong Cheng, SK Sungai Ara and SMK Sungai Ara.
The current rental yield of Sungai Ara is 2.9% for houses. The highest rental yield ever recorded was 3.11% in Q3 2022 (house); while the lowest one was 1.09% in Q4 2020 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Sungai Ara for houses is 4-bedroom / 2,000 sf with a median price of RM550 psf. For price wise, the most expensive one is 5-bedroom / 2,500 sf with a median price of RM630 psf; while the cheapest one is 3-bedroom / 2,000 sf with a median price of RM400 psf.
Latest Sungai Ara sale listings:
|23 Nov 2023||Condominium||1,314 sf||RM800,000|
|23 Nov 2023||Condominium||1,180 sf||RM600,000|
Latest Sungai Ara rental listings:
|19 Nov 2023||Condominium||1,200 sf||RM1,500|
|29 Nov 2023||Apartment Room||-NA-||RM400|
|29 Nov 2023||Master Room||-NA-||RM650|
|29 Nov 2023||Condominium||1,275 sf||RM1,800|
|28 Nov 2023||Master Room||-NA-||RM1,050|