Taman Sungai Ara

Jalan Sungai Ara 1, Sungai Ara, Penang

About this project

Taman Sungai Ara is a residential development of landed homes located in Sungai Ara, Penang. Completed in 2015, it is a neighbourhood of just 37 terrace homes occupying 20 acres of freehold land in a newly developed part of Sungai Ara, near the foot of the hills. The 3-storey homes of Taman Sungai Ara are spacious, with built-up spaces ranging between 3,389 sf to 3,869 sf. The homes are designed to cater to families, providing functional spaces for all. As such, the units offer 4+1 bedrooms and 6 bathrooms with a porch large enough to fit 2 cars. Taman Sungai Ara residences were launched at prices beginning from RM1.2 million, which is rather steep. However, the value of the homes have indeed appreciated, as seen by their subsale prices starting from RM1.6 million, as of 2016. However, buyers should be aware that despite their prices, Taman Sungai Ara does not offer any facilities within, nor is it gated and guarded. As such, many would consider looking for other options, as the Sungai Ara area is definitely not short of new developments with similar pricing and offers of more facilities. But if serenity is on the top of the list, then Taman Sungai Ara will be a great choice. Residents of Taman Sungai Ara will have to drive about 5 minutes out of the neighbourhood to the town of Sungai Ara to reach amenities. There, commercial hubs house convenience stores, eateries, and clinics among others. SJK (C) Chong Cheng and SK Sungai Ara are also in the vicinities while other schools are roughly another 5 to 10 minutes away, such as SMK Sungai Ara, the Seri Relau National School, the Fairview International School, SK Mutiara Perdana and the Straits International School. Taman Sungai Ara is also about 10 minutes from the town of Bayan Baru, where even more conveniences like a Giant hypermarket can be found. Queensbay Mall is also a little further down, where there is an Aeon supermarket and a number of retail outlets and restaurants. The Bayan Bay commercial hub is also in the area, where anything from banks to beauty salons are available. Accessibility to and from Taman Sungai Ara to the town is through a single road, which is Jalan Sungai Ara 1. It can then link to other main roads like Jalan Dato Ismail Hashim, and Jalan Tun Dr. Awang. Jalan Sultan Azlan Shah can also be accessed via these 2 roads. With that, the town of Bayan Lepas is a little over 10 minutes away, while the first Penang bridge is around a 20-minute drive from the development. Further up another 10 minutes or so will lead to Georgetown. Down south will be the town of Batu Maung as well as the second Penang bridge, approximately 20 minutes away. Credit : Propsocial 27.12.2019
Property Type
Terraced House
Total Units
37
Beds
1 - 5 bedrooms
Built up
1206 sqft - 4381 sqft
Tenure
Freehold
Land Area
20
Transacted Price
RM 810,000 - RM 1,800,000
Developer name
WLB Properties Sdn Bhd

Location

mapbox
View map

Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 10 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
05 Mar 1513 Mar 152,842 ft²445634168,00066130.2
17 Jul 1405 Aug 141,765 ft²74975931,00057.7
07 Aug 1328 Jan 142,820 ft²495642146,90026.2
12 Jun 1307 Aug 131,948 ft²64270037,00021.6
12 Jun 1307 Aug 131,991 ft²62870037,00021.6

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 5 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 11 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
28 Jan 1409 Mar 181,787 ft²672683-20000-
13 Mar 1510 Jun 151,733 ft²657445-128000-35.4
05 Aug 1411 Aug 141,711 ft²729749-74650-97.1
28 Jan 1417 Jul 141,701 ft²759495-105900-15.6
28 Jan 1417 Jul 141,722 ft²748495-108900-16

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 6 more unprofitable transactions

Affordability

  • Down Payment (10%)RM 0
  • Loan Amount (%)RM 0
  • Tenure Years0 Years
  • Interest Rate0%
  • Loan Amount 90%
  • Down Payment 10%
Monthly Installment

RM 0±

Mortgage Provided by Hong Leong Bank

Maintenance Fees

RM 0 ±

RM 0 psf (0 sq ft)

Total Monthly Expenses

RM 0±

Disclaimer

The Analytics are provided “AS IS” and we do not warranty as to its accuracy. We are not responsible or liable for any claims, damages, losses, expenses, costs or liabilities whatsoever. Please seek professional advice before relying on the Analytics. The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us. We reserve the rights to modify, alter, delete or withdraw the Analytics at any time without notice to you. All news, information, contents and other material displayed on the Website and Services including the Postings are for your general information purpose only and are no substitute for independent research and/or verifications and should not be regarded as a substitute for professional, legal, financial or real estate advice.