TAMAN BUKIT MINYAK UTAMA

Area Intelligence
2023
Median Price
RM 750,000
PSF: RM 475

Residential PSF Trends

Median Price

RM 714,500

PSF: RM 440

Commercial PSF Trends

Median Price

RM 882,000

RM 544 PSF

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 708K to RM 750K, and a typical market range of RM 650K to RM 750K.

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 395 and RM 555. 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 80 (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.

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TAMAN BUKIT MINYAK UTAMA, Seberang Perai Tengah, Penang

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Transactions

10 transactions grouped by size

1,300 sqft
Double Storey Terraced
RM 670,000
LORONG BUKIT MINYAK UTAMA 30
1,324 sqft · RM 506 PSF
RM 719,000
LORONG BKT MINYAK UTAMA 32
1,324 sqft · RM 543 PSF
RM 590,000
LORONG BUKIT MINYAK UTAMA 28
1,324 sqft · RM 446 PSF
1,350 sqft
Double Storey Terraced
RM 710,000
LORONG BUKIT MINYAK UTAMA 28
1,367 sqft · RM 519 PSF
1,400 sqft
Double Storey Terraced
RM 670,000
LORONG BUKIT MINYAK UTAMA 18
1,389 sqft · RM 483 PSF
RM 680,000
LORONG BUKIT MINYAK UTAMA 20
1,389 sqft · RM 490 PSF
RM 670,000
LORONG BUKIT MINYAK UTAMA 24
1,410 sqft · RM 475 PSF
1,550 sqft
Double Storey Terraced
RM 650,000
LORONG BUKIT MINYAK UTAMA 24
1,539 sqft · RM 422 PSF
1,800 sqft
Double Storey Terraced
RM 650,000
LORONG BUKIT MINYAK UTAMA 30
1,798 sqft · RM 362 PSF
2,850 sqft
Double Storey Semi-D
RM 750,000
LORONG BUKIT MINYAK UTAMA 6
2,874 sqft · RM 261 PSF

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There are currently no properties listed for sale in this area.

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