INDUSTRI BUKIT MINYAK(PDC) in Seberang Perai Tengah, Penang recorded 11 subsale transactions in 2023, with a median price of RM 9.38 million and a median price per square foot (PSF) of RM 183.
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 9.38 million, with most transactions falling within a stable range of RM 4.29 million to RM 14.47 million, and a typical market range of RM 4.83 million to RM 13.93 million.
Most transactions involved detached factory/warehouse, though some variety exists in the market.
Price per square foot shows a median of RM 183, though individual units vary from RM 144 to RM 222 in the core range. The broader market spans RM 145.50 to RM 220.50, indicating diverse property characteristics. The spread of RM 75.00 (IQR) and deviation of RM 39 (MAD) suggest moderate price variations reflecting different property features.
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.
