BANDAR BUKIT MERTAJAM

Area Intelligence
2023
Median Price
RM 500,000
PSF: RM 214

Residential PSF Trends

Median Price

RM 295,000

PSF: RM 220

Commercial PSF Trends

Median Price

RM 550,000

RM 214 PSF

BANDAR BUKIT MERTAJAM in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 214.

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 500K, with most transactions falling within a stable range of RM 364K to RM 636K, and a typical market range of RM 350K to RM 646K.

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 214, though individual units vary from RM 165 to RM 262 in the core range. The broader market spans RM 64.79 to RM 362.79, indicating diverse property characteristics. The spread of RM 298.00 (IQR) and deviation of RM 49 (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. 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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Transactions

7 transactions grouped by size

1,050 sqft
Bungalow
RM 315,000
JALAN MURTHY
1,073 sqft · RM 294 PSF
1,900 sqft
Single Storey Semi-D
RM 275,000
JALAN PERMATANG RAWA
1,884 sqft · RM 146 PSF
2,100 sqft
Double Storey Shop
RM 410,000
JALAN STESYEN
2,077 sqft · RM 197 PSF
2,250 sqft
Double Storey Shop
RM 646,000
JALAN DATO OOH CHOI CHENG
2,239 sqft · RM 289 PSF
2,500 sqft
Double Storey Shop
RM 500,000
JALAN CHE BEE NOOR
2,476 sqft · RM 202 PSF
2,550 sqft
Double Storey Shop
RM 550,000
JALAN DANBY
2,573 sqft · RM 214 PSF
2,650 sqft
Double Storey Shop
RM 630,000
JALAN STESHEN
2,669 sqft · RM 236 PSF

No Properties For Sale

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

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