TAMAN BUKIT MINYAK UTAMA in Seberang Perai Tengah, Penang recorded 19 subsale transactions in 2023, with a median price of RM 750K and a median price per square foot (PSF) of RM 475.
This area contains both residential and commercial properties. View 37 residential properties or 7 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 750K, with most transactions falling within a stable range of RM 661K to RM 840K, and a typical market range of RM 650K to RM 850K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 475, with core pricing between RM 398 and RM 552. Market pricing typically extends from RM 383.88 to RM 566.13, reflecting moderate variation in unit pricing. The spread of RM 182.25 (IQR) and deviation of RM 77 (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.
