Area Intelligence

TMN CENDERAWASIH

3 properties
Double Storey Shop
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Median Price
RM 375,000
PSF: RM 268

Residential Market

Median Price

RM 220,000

IQR: RM 81
MAD: RM 47
RM 210 PSF 20.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 375,000

IQR: RM 31
MAD: RM 2
RM 268 PSF 1.5%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN CENDERAWASIH in Seberang Perai Selatan, Penang recorded 3 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 375K and a median price per square foot (PSF) of RM 268.

This area contains both residential and commercial properties. View 27 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 375K, with most transactions falling within a stable range of RM 303K to RM 380K, and a typical market range of RM 320K to RM 380K.

Within the Double Storey Shop category, 1 - 1 1/2 storey terraced dominated the market, with moderate diversity in property types available.

The median PSF stands at RM 268, with core pricing between RM 217 and RM 319. Market pricing typically extends from RM 220.88 to RM 315.13, reflecting moderate variation in unit pricing. The spread of RM 94.25 (IQR) and deviation of RM 51 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN CENDERAWASIH, Seberang Perai Selatan, Penang

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Transactions

3 properties grouped by size

1,400 sqft
3 units Double Storey Shop
RM 225,000
JLN CENDERAWASIH 3
1,399 sqft · RM 161.00 PSF
Feb 2025
RM 380,000
JALAN CENDERAWASIH 3
1,399 sqft · RM 272.00 PSF
Aug 2024
RM 375,000
JLN CENDERAWASIH 3
1,399 sqft · RM 268.00 PSF
Jan 2023