TMN INDUSTRI CENGAL

TMN 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.