TAMAN BKT MINYAK INDAH in Seberang Perai Tengah, Penang recorded 12 subsale transactions in 2022, with a median price of RM 469K and a median price per square foot (PSF) of RM 303.
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 469K, with most transactions falling within a stable range of RM 405K to RM 490K, and a typical market range of RM 364K to RM 490K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 303, though individual units vary from RM 236 to RM 370 in the core range. The broader market spans RM 239.00 to RM 367.00, indicating diverse property characteristics. The spread of RM 128.00 (IQR) and deviation of RM 67 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
