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. The median price is RM 525K, with most transactions falling within a stable range of RM 385K to RM 665K, and a typical market range of RM 375K to RM 675K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
Price per square foot shows a median of RM 266, though individual units vary from RM 115 to RM 417 in the core range. The broader market spans RM 116.50 to RM 414.50, indicating diverse property characteristics. A wider spread (IQR: RM 298.00) and deviation (MAD: RM 151) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
