Area Intelligence

TMN KOTA BUNGA RAYA

2 properties
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Median Price
RM 1,490,000
PSF: RM 703

Commercial Market

Median Price

RM 1,490,000

IQR: RM 126
MAD: RM 126
RM 703 PSF 30.4%

PSF Trends (2021-2025)

TMN KOTA BUNGA RAYA in Seberang Perai Utara, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 1.49 million and a median price per square foot (PSF) of RM 703.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.49 million, with most transactions falling within a stable range of RM 1.00 million to RM 1.98 million, and a typical market range of RM 1.25 million to RM 1.74 million.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

The median PSF stands at RM 703, with core pricing between RM 577 and RM 829. Market pricing typically extends from RM 640.00 to RM 766.00, reflecting moderate variation in unit pricing. The spread of RM 126.00 (IQR) and deviation of RM 126 (MAD) suggest moderate price variations reflecting different property features.

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 KOTA BUNGA RAYA, Seberang Perai Utara, Penang

OSM

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Transactions

2 properties grouped by size

1,750 sqft
1 units Terraced Factory
RM 1,000,000
JALAN BUNGA RAYA MERAH 3
1,733 sqft · RM 577.00 PSF
Apr 2024
2,400 sqft
1 units Terraced Factory
RM 1,980,000
JLN RAJA UDA
2,390 sqft · RM 829.00 PSF
Aug 2023