Area Intelligence

TMN INDUSTRI CENGAL

6 properties
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Median Price
RM 770,000
PSF: RM 553

Commercial Market

Median Price

RM 770,000

IQR: RM 35
MAD: RM 20
RM 553 PSF 9.0%

PSF Trends (2021-2025)

TMN INDUSTRI CENGAL in Seberang Perai Utara, Penang recorded 6 subsale transactions between 2021 and 2025, with a median price of RM 770K 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 770K, with most transactions falling within a stable range of RM 725K to RM 815K, and a typical market range of RM 723K to RM 818K.

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 533 and RM 573. 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 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.

Area Location

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TMN INDUSTRI CENGAL, Seberang Perai Utara, Penang

OSM

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Transactions

6 properties grouped by size

1,200 sqft
2 units Terraced Factory
RM 760,000
JALAN CENGAL 1
1,195 sqft · RM 636.00 PSF
Nov 2023
RM 680,000
JALAN CENGAL 1
1,195 sqft · RM 569.00 PSF
Jan 2022
1,300 sqft
1 units Single Storey Shop
RM 600,000
JALAN CENGAL 1
1,292 sqft · RM 465.00 PSF
Nov 2021
1,450 sqft
3 units Terraced Factory
RM 800,000
LORONG CENGAL 7
1,475 sqft · RM 542.00 PSF
Dec 2023
RM 830,000
LORONG CENGAL 7
1,475 sqft · RM 563.00 PSF
Nov 2023
RM 780,000
LORONG CENGAL 8
1,475 sqft · RM 529.00 PSF
Oct 2023