Penang, Seberang Perai Tengah, Mukit Mertajam

BANDAR BUKIT MERTAJAM

Area Intelligence

2023

Median Price

RM 525,000

PSF: RM 266

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Residential PSF Trends

Median Price

RM 262,500

PSF: RM 224

Commercial PSF Trends

Median Price

RM 638,000

RM 296 PSF

BANDAR BUKIT MERTAJAM in Seberang Perai Tengah, Penang recorded 12 subsale transactions in 2023, with a median price of RM 525K and a median price per square foot (PSF) of RM 266.

This area contains both residential and commercial properties. View 13 residential properties or 30 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

For price per square foot, the median is RM 266, with most transactions between RM 266 and RM 266. The usual range is RM 116.50 to RM 414.50, showing that most units are priced quite close to each other. With an IQR of RM 298.00 and MAD of RM 0, 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.

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BANDAR BUKIT MERTAJAM, Seberang Perai Tengah, Penang

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