Area Intelligence

TMN LEMBAH PERMAI

5 properties
2023
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Median Price
RM 1,680,000
PSF: RM 877

Residential Market

Median Price

RM 2,150,000

RM 383 PSF

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 1,515,000

IQR: RM 392
MAD: RM 131
RM 1,073 PSF 13.8%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN LEMBAH PERMAI in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM 1.68 million and a median price per square foot (PSF) of RM 877.

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 1.68 million, with most transactions falling within a stable range of RM 1.35 million to RM 2.10 million, and a typical market range of RM 1.35 million to RM 2.03 million.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 877, though individual units vary from RM 526 to RM 1,228 in the core range. The broader market spans RM 684.00 to RM 1,070.00, indicating diverse property characteristics. A wider spread (IQR: RM 386.00) and deviation (MAD: RM 351) indicate significant PSF variations, likely due to diverse property types or conditions.

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 LEMBAH PERMAI, Seberang Perai Tengah, Penang

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Transactions

5 properties grouped by size

1,300 sqft
1 units Double Storey Shop
RM 1,680,000
JALAN LEMBAH PERMAI 4
1,324 sqft · RM 1,269.00 PSF
Jul 2023
1,550 sqft
2 units Double Storey Shop
RM 1,350,000
JALAN LEMBAH PERMAI 1
1,539 sqft · RM 877.00 PSF
Oct 2023
RM 1,350,000
JALAN LEMBAH PERMAI 1
1,539 sqft · RM 877.00 PSF
May 2023
1,750 sqft
1 units 3-Storey Storey Shop
RM 2,400,000
JLN LEMBAH PERMAI 4
1,744 sqft · RM 1,376.00 PSF
Mar 2023
5,600 sqft
1 units Detached
RM 2,150,000
LORONG LEMBAH PERMAI 3
5,608 sqft · RM 383.00 PSF
May 2023