TAMAN INDUSTRI CENGAL

Area Intelligence
2023
Median Price
RM 790,000
PSF: RM 553

Commercial PSF Trends

Median Price

RM 790,000

RM 553 PSF

TAMAN INDUSTRI CENGAL in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2023, with a median price of RM 790K and a median price per square foot (PSF) of RM 553.

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 790K, with most transactions falling within a stable range of RM 764K to RM 816K, and a typical market range of RM 760K to RM 830K.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM 553, with most transactions between RM 511 and RM 594. The usual range is RM 534.88 to RM 570.13, 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 41 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.

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TAMAN INDUSTRI CENGAL, Seberang Perai Utara, Penang

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Transactions

4 transactions grouped by size

1,200 sqft
Terraced Factory
RM 760,000
JALAN CENGAL 1
1,195 sqft · RM 636 PSF
1,450 sqft
Terraced Factory
RM 800,000
LORONG CENGAL 7
1,475 sqft · RM 542 PSF
RM 830,000
LORONG CENGAL 7
1,475 sqft · RM 563 PSF
RM 780,000
LORONG CENGAL 8
1,475 sqft · RM 529 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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