Area Intelligence

TMN BUNGA MERAH

1 properties
2022
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Median Price
RM 1,600,000
PSF: RM 1,208

Commercial Market

Median Price

RM 1,600,000

IQR: RM 323
MAD: RM 82
RM 1,208 PSF 50.0%

PSF Trends (2021-2025)

TMN BUNGA MERAH in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2022, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 1,208.

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

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

Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.

For price per square foot, the median is RM 1,208, with most transactions between RM 1,208 and RM 1,208. The usual range is RM 1,046.75 to RM 1,369.25, 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

OSM

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Transactions

1 properties grouped by size

1,300 sqft
1 units 4-Storey Storey Shop
RM 1,600,000
JLN NEW FERRY
1,324 sqft · RM 1,208.00 PSF
Mar 2022