Area Intelligence

TMN CEGAR

2 properties
Double Storey Shop
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Median Price
RM 715,000
PSF: RM 596

Residential Market

Median Price

RM 310,000

IQR: RM 68
MAD: RM 33
RM 254 PSF 16.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 715,000

IQR: RM 32
MAD: RM 32
RM 596 PSF 10.2%

PSF Trends (2021-2025)

TMN CEGAR in Seberang Perai Selatan, Penang recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 715K and a median price per square foot (PSF) of RM 596.

This area contains both residential and commercial properties. View 8 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 715K, with most transactions falling within a stable range of RM 680K to RM 750K, and a typical market range of RM 680K to RM 750K.

Within the Double Storey Shop category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 596, with most transactions between RM 564 and RM 628. The usual range is RM 563.13 to RM 628.88, showing that most units are priced quite close to each other. With an IQR of RM 65.75 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

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 CEGAR, Seberang Perai Selatan, Penang

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Transactions

2 properties grouped by size

1,200 sqft
2 units Double Storey Shop
RM 680,000
JALAN BESAR
1,206 sqft · RM 564.00 PSF
Nov 2023
RM 750,000
JALAN CEGAR 1
1,195 sqft · RM 628.00 PSF
Oct 2022