Area Intelligence

TMN ASAS JAYA(IND RINGAN)

11 properties
2024
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Median Price
RM 666,000
PSF: RM 400

Commercial Market

Median Price

RM 666,000

IQR: RM 98
MAD: RM 54
RM 400 PSF 9.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN ASAS JAYA(IND RINGAN) in Seberang Perai Tengah, Penang recorded 11 subsale transactions in 2024, with a median price of RM 666K and a median price per square foot (PSF) of RM 400.

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 666K, with most transactions falling within a stable range of RM 535K to RM 1.29 million, and a typical market range of RM 556K to RM 776K.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

The median PSF stands at RM 400, with core pricing between RM 335 and RM 465. Market pricing typically extends from RM 351.00 to RM 449.00, reflecting moderate variation in unit pricing. The spread of RM 98.00 (IQR) and deviation of RM 65 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN ASAS JAYA(IND RINGAN), Seberang Perai Tengah, Penang

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Transactions

11 properties grouped by size

1,200 sqft
1 units Terraced Factory
RM 535,000
LORONG ASAS JAYA 5
1,195 sqft · RM 448.00 PSF
Oct 2024
1,400 sqft
4 units Terraced Factory
RM 708,000
JALAN BUKIT MINYAK
1,399 sqft · RM 506.00 PSF
Aug 2024
RM 560,000
LORONG ASAS JAYA 7
1,399 sqft · RM 400.00 PSF
Jan 2024
RM 588,000
LORONG ASASJAYA 2
1,399 sqft · RM 420.00 PSF
Jan 2024
RM 588,000
LRG IND RINGAN ASAS JAYA 2
1,399 sqft · RM 420.00 PSF
Jan 2024
1,500 sqft
1 units Terraced Factory
RM 580,000
JLN BUKIT MINYAK
1,485 sqft · RM 390.00 PSF
Aug 2024
1,700 sqft
1 units Terraced Factory
RM 680,000
JALAN BUKIT MINYAK
1,701 sqft · RM 400.00 PSF
Sep 2024
2,100 sqft
1 units Terraced Factory
RM 666,000
LORONG ASASJAYA 6
2,099 sqft · RM 317.00 PSF
May 2024
6,050 sqft
2 units Semi-D Factory
RM 2,300,000
LORONG ASAS JAYA 21
6,060 sqft · RM 380.00 PSF
Oct 2024
RM 1,980,000
LORONG ASAS JAYA 13
6,060 sqft · RM 327.00 PSF
May 2024
6,350 sqft
1 units Semi-D Factory
RM 1,600,000
LORONG ASAS JAYA 19
6,340 sqft · RM 252.00 PSF
Jan 2024