TMN SERI GEMILANG

TMN SERI GEMILANG in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 795K and a median price per square foot (PSF) of RM 282.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 795K, with most transactions falling within a stable range of RM 460K to RM 1.13 million, and a typical market range of RM 599K to RM 991K.

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

The median PSF stands at RM 282, with core pricing between RM 238 and RM 326. Market pricing typically extends from RM 246.50 to RM 317.50, reflecting moderate variation in unit pricing. The spread of RM 71.00 (IQR) and deviation of RM 44 (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.