Area Intelligence

TMN RATNA

8 properties
2023
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Median Price
RM 295,000
PSF: RM 199

Residential Market

Median Price

RM 140,000

IQR: RM 136
MAD: RM 93
RM 165 PSF 19.9%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 610,000

IQR: RM 29
MAD: RM 29
RM 436 PSF 13.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN RATNA in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2023, with a median price of RM 295K and a median price per square foot (PSF) of RM 199.

This area contains both residential and commercial properties. View 11 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 295K, with most transactions falling within a stable range of RM 77K to RM 513K, and a typical market range of RM 83K to RM 508K.

Most transactions involved flats, with high diversity across multiple property types.

Price per square foot shows a median of RM 199, though individual units vary from RM 90 to RM 308 in the core range. The broader market spans RM 128.00 to RM 270.00, indicating diverse property characteristics. A wider spread (IQR: RM 142.00) and deviation (MAD: RM 109) 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. 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 RATNA, Seberang Perai Utara, Penang

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Transactions

8 properties grouped by size

850 sqft
4 units Flat
RM 125,000
848 sqft · RM 147.00 PSF
Oct 2023
RM 135,000
848 sqft · RM 159.00 PSF
Oct 2023
RM 140,000
848 sqft · RM 165.00 PSF
Oct 2023
RM 60,000
839 sqft · RM 72.00 PSF
Jan 2023
1,400 sqft
2 units
RM 450,000
Double Storey Terraced LORONG NAKHODA 2
1,378 sqft · RM 327.00 PSF
Mar 2023
RM 610,000
Double Storey Shop JALAN TELUK AIR TAWAR
1,399 sqft · RM 436.00 PSF
Jan 2023
1,850 sqft
1 units Double Storey Terraced
RM 500,000
JLN NAKHODA
1,862 sqft · RM 269.00 PSF
May 2023
2,550 sqft
1 units Double Storey Semi-D
RM 595,000
JALAN LEBUH NAKHODA
2,551 sqft · RM 233.00 PSF
Oct 2023