Area Intelligence

TMN GAMELAN

6 properties
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Median Price
RM 460,000
PSF: RM 318

Residential Market

Median Price

RM 350,000

IQR: RM 56
MAD: RM 25
RM 277 PSF 24.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 550,000

IQR: RM 1
MAD: RM 1
RM 459 PSF 0.2%

PSF Trends (2021-2025)

TMN GAMELAN in Seberang Perai Selatan, Penang recorded 6 subsale transactions between 2021 and 2025, with a median price of RM 460K and a median price per square foot (PSF) of RM 318.

This area contains both residential and commercial properties. View 4 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 460K, with most transactions falling within a stable range of RM 370K to RM 550K, and a typical market range of RM 351K to RM 550K.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 318, though individual units vary from RM 252 to RM 383 in the core range. The broader market spans RM 236.63 to RM 398.38, indicating diverse property characteristics. The spread of RM 161.75 (IQR) and deviation of RM 66 (MAD) suggest moderate price variations reflecting different property features.

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 GAMELAN, Seberang Perai Selatan, Penang

OSM

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Transactions

6 properties grouped by size

1,000 sqft
2 units Low-Cost House
RM 250,000
LORONG GAMELAN 5
1,001 sqft · RM 250.00 PSF
Jul 2023
RM 300,000
LORONG GAMELAN 5
1,001 sqft · RM 300.00 PSF
Jan 2023
1,200 sqft
3 units
RM 550,000
Double Storey Shop LORONG GAMELAN 1
1,200 sqft · RM 458.00 PSF
Apr 2024
RM 550,000
Double Storey Shop LORONG GAMELAN 1
1,195 sqft · RM 460.00 PSF
Nov 2022
RM 400,000
Double Storey Terraced LORONG GAMELAN 3
1,195 sqft · RM 335.00 PSF
Nov 2022
2,050 sqft
1 units Double Storey Terraced
RM 520,000
LORONG GAMELAN 4
2,045 sqft · RM 254.00 PSF
Oct 2023