Sungai Ara · Subsale Market
TreeO Subsale — Sungai Ara, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
TreeO is a completed freehold condominium in Sungai Ara, Penang, completed in 2023 by Diamaward (M) Sdn. Bhd. (Hunza Group). It has 1240 units. Subsale asking prices currently run about RM442–554 per sq ft (from roughly RM 395K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-05.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 900 | RM395,000 | RM442 |
Zac’s Take
Zac Ong
TreeO is a large freehold condominium of about 1,240 homes in Sungai Ara, completed in 2023, mostly three-bedrooms of about 900 sq ft with two car parks.
Resale listings in September 2026 ran from about RM395,000 to RM520,000, depending on floor, condition and furnishing, and the same homes let for roughly RM1,200 to RM2,000 a month.
It's one of the cheapest ways to own a newish condo on Penang Island, which makes it popular with first-time buyers and families working around Bayan Lepas. The catch is scale: with so many near-identical units, you'll always be competing on price when you sell or let, so condition and view matter.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a TreeO subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Sungai Ara's noise levels, traffic, neighbour mix, and JMC quality are known quantities at TreeO.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How TreeO is priced within Sungai Ara
At roughly RM442 psf, TreeO sits toward the value end of Sungai Ara's condo band (RM440–590 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
Building age
3 years
Completed 2023
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The TreeO pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
TreeO price 2026
What TreeO trades at on the sub-sale market, last checked 2026-10-05.
| Asking from | RM395,000 – RM520,000 |
| PSF | RM442 – 554 |
| Built-up | 900 sqft |
| Completed | 2023 |
| Units | 1,240 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 3 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
TreeO for sale & for rent
Asking rents at TreeO ran from about RM1,200–2,000 a month in September–October 2026, for 900 sq ft three-bedroom homes. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
TreeO key facts
- Developer
- Diamaward (M) Sdn. Bhd. (Hunza Group)
- Area
- Sungai Ara, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2023
- Total units
- 1240
- Asking PSF
- RM442–554
- Price from
- RM 395K
Sungai Ara — area snapshot
Full area guide →Sungai Ara is a mid-island residential area south of Bayan Lepas with a growing condo market. Well-connected to the airport and FTZ.
Price range
RM 378K – RM 1.9M
asking prices in area
Active projects
0
selling or under construction
Subsale condos
7
completed projects
Total tracked
8
properties in this area
Other projects in Sungai Ara
All 7 others we track here, cheapest first — all trading sub-sale.
- Fairview ResidenceRM378K
- Skycube ResidenceRM446K
- SenzVillesRM500K
- Imperial GrandeRM515K
- Setia PinnacleRM540K
- Isle of Palm @ Setia Pearl IslandRM980K
- Casa Rica @ Setia GreensRM1.9M
TreeO subsale — common questions
What is the price of TreeO?
TreeO runs RM395,000 to RM520,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM442–554 per square foot. Checked 2026-10-05.
Is TreeO freehold or leasehold?
TreeO is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at TreeO?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and TreeO is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at TreeO?
Asking rents ran from RM1,200 to RM2,000 a month in September–October 2026, for 900 sq ft three-bedroom homes. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was TreeO completed?
TreeO was completed in 2023 by Diamaward (M) Sdn. Bhd. (Hunza Group), so homes here are bought from existing owners.
How big are the homes at TreeO?
Homes range from about 900 sq ft. There are 1,240 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
Where is Treeo Sungai Ara?
Sungai Ara, mid-Penang Island — near Bayan Lepas FTZ, Queensbay Mall, and the Second Penang Bridge expressway.
More on the neighbourhood:
Sungai Ara area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.