TAMAN CERMAI

Area Intelligence
3 subsale transactions
Double Storey Terraced
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Median Price
RM 499,000
PSF: RM 418

Residential PSF Trends

Median Price

RM 499,000

PSF: RM 418

Commercial PSF Trends

Median Price

RM 325,000

RM 232 PSF

TAMAN CERMAI in Seberang Perai Tengah, Penang recorded 3 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 499K and a median price per square foot (PSF) of RM 418.

This area contains both residential and commercial properties. View 3 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 499K, with most transactions falling within a stable range of RM 481K to RM 517K, and a typical market range of RM 475K to RM 520K.

Within the Double Storey Terraced category, 2 - 2 1/2 storey terraced dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 418, with most transactions between RM 403 and RM 433. The usual range is RM 385.13 to RM 450.88, showing that most units are priced quite close to each other. With an IQR of RM 65.75 and MAD of RM 15, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CERMAI, Seberang Perai Tengah, Penang

OSM

Transactions

3 transactions grouped by size

Price Range

Clear

Size Range (sqft)

Clear
1,200 sqft
Double Storey Terraced
RM 520,000
LORONG CERMAI 7
1,195 sqft · RM 435.00 PSF
Dec 2023
RM 499,000
LORONG CERMAI 5
1,195 sqft · RM 418.00 PSF
Aug 2022
RM 475,000
LORONG CERMAI 5
1,195 sqft · RM 398.00 PSF
Feb 2022