TAMAN BKT MINYAK INDAH in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM 495K and a median price per square foot (PSF) of RM 306.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 495K, with most transactions falling within a stable range of RM 800K to RM 525K, and a typical market range of RM 800K to RM 600K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 306, with most transactions between RM 298 and RM 315. The usual range is RM 242.00 to RM 370.00, showing that most units are priced quite close to each other. With an IQR of RM 128.00 and MAD of RM 9, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
