Area Intelligence

TMN BAGAN AJAM

3 properties
2023
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Median Price
RM 490,000
PSF: RM 379

Residential Market

Median Price

RM 450,000

IQR: RM 42
MAD: RM 20
RM 317 PSF 2.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 1,000,000

RM 715 PSF

PSF Trends (2021-2025)

TMN BAGAN AJAM in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 490K and a median price per square foot (PSF) of RM 379.

This area contains both residential and commercial properties. View 8 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 490K, with most transactions falling within a stable range of RM 410K to RM 751K, and a typical market range of RM 460K to RM 520K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 379, though individual units vary from RM 184 to RM 574 in the core range. The broader market spans RM 344.00 to RM 414.00, indicating diverse property characteristics. A wider spread (IQR: RM 70.00) and deviation (MAD: RM 195) 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. 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 BAGAN AJAM, Seberang Perai Utara, Penang

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Transactions

3 properties grouped by size

1,300 sqft
1 units Double Storey Terraced
RM 490,000
LORONG BULAN 1
1,292 sqft · RM 379.00 PSF
Jun 2023
1,400 sqft
1 units 3-Storey Storey Shop
RM 1,000,000
JLN BAGAN AJAM
1,399 sqft · RM 715.00 PSF
Dec 2023
1,600 sqft
1 units Double Storey Terraced
RM 410,000
JALAN MATAHARI (BGN JERMAL)
1,617 sqft · RM 254.00 PSF
Sep 2023