TAMAN INDUSTRI CENGAL in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2021, with a median price of RM 600K and a median price per square foot (PSF) of RM 465.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 600K, with most transactions falling within a stable range of RM 555K to RM 645K, and a typical market range of RM 553K to RM 648K.
Most transactions involved terraced factory/warehouse, though some variety exists in the market.
For price per square foot, the median is RM 465, with most transactions between RM 445 and RM 485. The usual range is RM 447.38 to RM 482.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.25 and an average deviation (MAD) of RM 20 indicate a highly stable PSF trend across properties.
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.
