Penang, Seberang Perai Tengah, Mukit Mertajam

BANDAR BUKIT MERTAJAM

Area Intelligence

2024

Median Price

RM 862,000

PSF: RM 5

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Residential PSF Trends

Median Price

RM 315,000

PSF: RM 213

Commercial PSF Trends

Median Price

RM 862,000

RM 5 PSF

BANDAR BUKIT MERTAJAM in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2024, sized 10,000 sqft and above, with a median price of RM 862K and a median price per square foot (PSF) of RM 5.

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 5, with most transactions between RM 5 and RM 5. The usual range is RM 0.00 to RM 153.66, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BUKIT MERTAJAM, Seberang Perai Tengah, Penang

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