Area Intelligence

TMN HONG

2 properties
2022
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Median Price
RM 580,000
PSF: RM 403

Residential Market

Median Price

RM 450,000

RM 322 PSF

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 580,000

IQR: RM 57
MAD: RM 29
RM 403 PSF 17.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN HONG in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 403.

This area contains both residential and commercial properties. View 1 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 580K, with most transactions falling within a stable range of RM 560K to RM 600K, and a typical market range of RM 560K to RM 600K.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 403, with most transactions between RM 377 and RM 429. The usual range is RM 358.63 to RM 447.38, showing that most units are priced quite close to each other. With an IQR of RM 88.75 and MAD of RM 26, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN HONG, Seberang Perai Utara, Penang

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Transactions

2 properties grouped by size

1,400 sqft
1 units 3-Storey Storey Shop
RM 600,000
JALAN LIMBUNGAN
1,399 sqft · RM 429.00 PSF
Jun 2022
1,500 sqft
1 units 3-Storey Storey Shop
RM 560,000
JALAN LIMBUNGAN
1,485 sqft · RM 377.00 PSF
Feb 2022