INDUSTRI BUKIT MINYAK(PDC)

INDUSTRI BUKIT MINYAK(PDC) in Seberang Perai Tengah, Penang recorded 12 subsale transactions in 2022, with a median price of RM 7.56 million and a median price per square foot (PSF) of RM 169.

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 7.56 million, with most transactions falling within a stable range of RM 940K to RM 14.18 million, and a typical market range of RM 3.01 million to RM 12.11 million.

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

Price per square foot shows a median of RM 169, though individual units vary from RM 118 to RM 220 in the core range. The broader market spans RM 131.50 to RM 206.50, indicating diverse property characteristics. A wider spread (IQR: RM 75.00) and deviation (MAD: RM 51) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.