Area Intelligence

TMN BAGAN BARU

4 properties
2022
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Median Price
RM 505,000
PSF: RM 320

Residential Market

Median Price

RM 505,000

IQR: RM 333
MAD: RM 129
RM 320 PSF 27.0%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 725,000

IQR: RM 69
MAD: RM 42
RM 627 PSF 10.9%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN BAGAN BARU in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2022, with a median price of RM 505K and a median price per square foot (PSF) of RM 320.

This area contains both residential and commercial properties. View 15 residential properties or 8 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 505K, with most transactions falling within a stable range of RM 355K to RM 672K, and a typical market range of RM 443K to RM 568K.

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

Price per square foot shows a median of RM 320, though individual units vary from RM 153 to RM 486 in the core range. The broader market spans RM 149.75 to RM 489.25, indicating diverse property characteristics. A wider spread (IQR: RM 339.50) and deviation (MAD: RM 167) 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 BARU, Seberang Perai Utara, Penang

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Transactions

4 properties found

Double Storey Terraced TINGKAT BAGAN BARU 3
RM 650,000
1,001 sqft Oct 2022
RM 649.00 PSF
Single Storey Terraced TINGKAT BAGAN BARU 10
RM 360,000
1,484 sqft Apr 2022
RM 243.00 PSF
Double Storey Terraced TINGKAT BAGAN BARU 18
RM 725,000
1,830 sqft Mar 2022
RM 396.00 PSF
Single Storey Terraced TINGKAT BAGAN BARU 6
RM 355,000
1,491 sqft Jan 2022
RM 238.00 PSF