TMN PENAGA

TMN PENAGA in Seberang Perai Utara, Penang recorded 12 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 194.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 230K, with most transactions falling within a stable range of RM 168K to RM 292K, and a typical market range of RM 183K to RM 277K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 194, with core pricing between RM 160 and RM 227. Market pricing typically extends from RM 165.25 to RM 221.75, reflecting moderate variation in unit pricing. The spread of RM 56.50 (IQR) and deviation of RM 34 (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.