Area Intelligence

TMN IKS SPG EMPAT

12 properties
Detached Factory
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Median Price
RM 4,050,000
PSF: RM 209

Commercial Market

Median Price

RM 4,050,000

IQR: RM 20
MAD: RM 20
RM 209 PSF 17.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN IKS SPG EMPAT in Seberang Perai Selatan, Penang recorded 12 Detached Factory properties subsale transactions between 2021 and 2025 for detached factory properties, with a median price of RM 4.05 million and a median price per square foot (PSF) of RM 209.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 4.05 million, with most transactions falling within a stable range of RM 3.00 million to RM 5.10 million, and a typical market range of RM 3.21 million to RM 4.89 million.

Within the Detached Factory category, detached factory/warehouse dominated the market, though some variety exists in the market.

Price per square foot shows a median of RM 209, though individual units vary from RM 145 to RM 272 in the core range. The broader market spans RM 170.00 to RM 247.00, indicating diverse property characteristics. A wider spread (IQR: RM 77.00) and deviation (MAD: RM 63) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN IKS SPG EMPAT, Seberang Perai Selatan, Penang

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Transactions

12 properties grouped by size

14,100 sqft
3 units Detached Factory
RM 3,900,000
LENGKOK IKS SMPG EMPAT 1
14,079 sqft · RM 277.00 PSF
Apr 2024
RM 2,200,000
JLN IKS SMPG EMPAT 1
14,090 sqft · RM 156.00 PSF
Mar 2021
RM 2,200,000
LENGKOK IKS
14,090 sqft · RM 156.00 PSF
Mar 2021
17,600 sqft
1 units Detached Factory
RM 4,200,000
JLN IKS SMPG EMPAT M
17,599 sqft · RM 239.00 PSF
Dec 2023
17,850 sqft
2 units Detached Factory
RM 4,300,000
JALAN IKS SIMPANG EMPAT
17,847 sqft · RM 241.00 PSF
May 2023
RM 4,250,000
JALAN IKS SIMPANG EMPAT
17,847 sqft · RM 238.00 PSF
Apr 2023
18,200 sqft
1 units Detached Factory
RM 3,850,000
JLN IKS SIMPANG EMPAT
18,191 sqft · RM 212.00 PSF
Apr 2022
19,000 sqft
1 units Detached Factory
RM 3,888,000
JLN IKS SMPG EMPAT (PHASE 2)
19,009 sqft · RM 205.00 PSF
Dec 2023
24,400 sqft
1 units Detached Factory
RM 5,500,000
JALAN SIMPANG AMPAT/VALDOR
24,402 sqft · RM 225.00 PSF
Oct 2022
33,550 sqft
1 units Detached Factory
RM 6,000,000
LRG IKS SIMPANG AMPAT 1
33,530 sqft · RM 179.00 PSF
Oct 2023
56,350 sqft
1 units Detached Factory
RM 3,800,000
JLN SIMPANG AMPAT SG. BAKAP
56,328 sqft · RM 67.00 PSF
Nov 2022
62,350 sqft
1 units Detached Factory
RM 4,600,000
OFF JLN SIMPANG AMPAT/SG BAKAP
62,347 sqft · RM 74.00 PSF
Jan 2023