INDUSTRI BUKIT MINYAK(PERDA)

INDUSTRI BUKIT MINYAK(PERDA) in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2024, with a median price of RM 6.65 million and a median price per square foot (PSF) of RM 258.

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 6.65 million, with most transactions falling within a stable range of RM 2.60 million to RM 11.32 million, and a typical market range of RM 3.66 million to RM 9.63 million.

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

For price per square foot, the median is RM 258, with most transactions between RM 233 and RM 283. The usual range is RM 202.25 to RM 313.75, showing that most units are priced quite close to each other. With an IQR of RM 111.50 and MAD of RM 25, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.