Area Intelligence

TMN KOTA BUNGA RAYA

1 properties
2024
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Median Price
RM 1,000,000
PSF: RM 577

Commercial Market

Median Price

RM 1,000,000

IQR: RM 126
MAD: RM 126
RM 577 PSF 30.4%

PSF Trends (2021-2025)

TMN KOTA BUNGA RAYA in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2024, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 577.

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

For price per square foot, the median is RM 577, with most transactions between RM 577 and RM 577. The usual range is RM 514.00 to RM 640.00, showing that most units are priced quite close to each other. With an IQR of RM 126.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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

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Transactions

1 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