Penang, Seberang Perai Tengah, Mukit Mertajam

BANDAR BUKIT MERTAJAM

Area Intelligence

2024

Median Price

RM 615,000

PSF: RM 260

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Residential PSF Trends

Median Price

RM 250,000

PSF: RM 233

Commercial PSF Trends

Median Price

RM 700,000

RM 265 PSF

BANDAR BUKIT MERTAJAM in Seberang Perai Tengah, Penang recorded 14 subsale transactions in 2024, with a median price of RM 615K and a median price per square foot (PSF) of RM 260.

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 615K, with most transactions falling within a stable range of RM 1.00 million to RM 715K, and a typical market range of RM 1.00 million to RM 765K.

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 260, with most transactions between RM 257 and RM 263. The usual range is RM 110.89 to RM 408.89, showing that most units are priced quite close to each other. With an IQR of RM 298.00 and MAD of RM 3, 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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