Penang
Seberang Perai Tengah
13
INDUSTRI BUKIT MINYAK(PDC)

INDUSTRI BUKIT MINYAK(PDC)

Area Intelligence

2022

Median Price

RM 650,000

PSF: RM 188

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Commercial PSF Trends

Median Price

RM 650,000

RM 188 PSF

INDUSTRI BUKIT MINYAK(PDC) in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 188.

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 650K, with most transactions falling within a stable range of RM 630K to RM 808K, and a typical market range of RM 630K to RM 975K.

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

Price per square foot shows a median of RM 188, though individual units vary from RM 129 to RM 247 in the core range. The broader market spans RM 150.50 to RM 225.50, indicating diverse property characteristics. A wider spread (IQR: RM 75.00) and deviation (MAD: RM 59) 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.

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INDUSTRI BUKIT MINYAK(PDC), Seberang Perai Tengah, Penang

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