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Penang, Seberang Perai Utara, Butterworth

TAMAN BUNGA MERAH

Area Intelligence
Median Price
RM 1,600,000
PSF: RM 645
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Commercial PSF Trends

Median Price

RM 1,600,000

RM 645 PSF

TAMAN BUNGA MERAH in Seberang Perai Utara, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 645.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

The median PSF stands at RM 645, with core pricing between RM 563 and RM 727. Market pricing typically extends from RM 483.75 to RM 806.25, reflecting moderate variation in unit pricing. With an IQR of RM 322.50 and MAD of RM 82, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BUNGA MERAH, Seberang Perai Utara, Penang

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Transactions

3 transactions grouped by size

View Type

Grouped View Individual View
1,300 sqft
4-Storey Shop
RM 1,600,000
JALAN NEW FERRY
1,324 sqft · RM 1,208 PSF
1,400 sqft
3-Storey Shop
RM 903,000
JALAN MEWAH 2
1,399 sqft · RM 645 PSF
2,850 sqft
Double Storey Shop
RM 1,600,000
JALAN NEW FERRY
2,842 sqft · RM 563 PSF

No Properties For Sale

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

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