Area Intelligence

TMN GAMELAN

2 properties
Low-Cost House
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Median Price
RM 275,000
PSF: RM 275

Residential Market

Median Price

RM 275,000

IQR: RM 56
MAD: RM 25
RM 275 PSF 24.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 550,000

IQR: RM 1
MAD: RM 1
RM 459 PSF 0.2%

PSF Trends (2021-2025)

TMN GAMELAN in Seberang Perai Selatan, Penang recorded 2 Low-Cost House properties subsale transactions between 2021 and 2025 for low-cost house properties, with a median price of RM 275K and a median price per square foot (PSF) of RM 275.

This area contains both residential and commercial properties. View 4 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 275K, with most transactions falling within a stable range of RM 250K to RM 300K, and a typical market range of RM 250K to RM 300K.

Within the Low-Cost House category, 2 - 2 1/2 storey shop dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 275, with most transactions between RM 250 and RM 300. The usual range is RM 194.13 to RM 355.88, showing that most units are priced quite close to each other. With an IQR of RM 161.75 and MAD of RM 25, 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 GAMELAN, Seberang Perai Selatan, Penang

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Transactions

2 properties grouped by size

1,000 sqft
2 units Low-Cost House
RM 250,000
LORONG GAMELAN 5
1,001 sqft · RM 250.00 PSF
Jul 2023
RM 300,000
LORONG GAMELAN 5
1,001 sqft · RM 300.00 PSF
Jan 2023