Area Intelligence

TMN BUNGA MERAH

1 properties
Double Storey Shop
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Median Price
RM 1,600,000
PSF: RM 563

Commercial Market

Median Price

RM 1,600,000

IQR: RM 323
MAD: RM 82
RM 563 PSF 50.0%

PSF Trends (2021-2025)

TMN BUNGA MERAH in Seberang Perai Utara, Penang recorded 1 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 563.

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

Price remained flat, and PSF growth was PSF remained flat.

Within the Double Storey Shop category, 3 - 3 1/2 storey shop dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 563, with most transactions between RM 563 and RM 563. The usual range is RM 401.75 to RM 724.25, showing that most units are priced quite close to each other. With an IQR of RM 322.50 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN BUNGA MERAH, Seberang Perai Utara, Penang

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Transactions

1 properties grouped by size

2,850 sqft
1 units Double Storey Shop
RM 1,600,000
JLN NEW FERRY
2,842 sqft · RM 563.00 PSF
Dec 2023