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 750K to RM 1.02 million, and a typical market range of RM 750K to RM 850K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 475, though individual units vary from RM 343 to RM 607 in the core range. The broader market spans RM 383.88 to RM 566.13, indicating diverse property characteristics. A wider spread (IQR: RM 182.25) and deviation (MAD: RM 132) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
