Area Intelligence

TMN GAMELAN

2 properties
2022
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Median Price
RM 475,000
PSF: RM 398

Residential Market

Median Price

RM 400,000

IQR: RM 56
MAD: RM 25
RM 335 PSF 24.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 550,000

IQR: RM 1
MAD: RM 1
RM 460 PSF 0.2%

PSF Trends (2021-2025)

TMN GAMELAN in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 398.

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 475K, with most transactions falling within a stable range of RM 400K to RM 550K, and a typical market range of RM 400K to RM 550K.

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

The median PSF stands at RM 398, with core pricing between RM 335 and RM 460. Market pricing typically extends from RM 316.63 to RM 478.38, reflecting moderate variation in unit pricing. The spread of RM 161.75 (IQR) and deviation of RM 63 (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 GAMELAN, Seberang Perai Selatan, Penang

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Transactions

2 properties grouped by size

1,200 sqft
2 units
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