BANDAR BUKIT MERTAJAM

Area Intelligence
12 subsale transactions
2023
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Median Price
RM 525,000
PSF: RM 266

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 12 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 150K to RM 1.79 million, and a typical market range of RM 372K to RM 678K.

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 143 to RM 388 in the core range. The broader market spans RM 117.00 to RM 414.00, indicating diverse property characteristics. A wider spread (IQR: RM 297.00) and deviation (MAD: RM 122) 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.

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BANDAR BUKIT MERTAJAM, Seberang Perai Tengah, Penang

OSM

Transactions

12 transactions grouped by size

900 sqft
Low-Cost House
RM 250,000
LORONG PAYA 2
893 sqft · RM 280.00 PSF
Dec 2023
RM 150,000
JALAN PAYA
893 sqft · RM 168.00 PSF
May 2023
1,050 sqft
Bungalow
RM 315,000
JALAN MURTHY
1,073 sqft · RM 294.00 PSF
Dec 2023
1,250 sqft
Double Storey Shop
RM 646,000
JALAN DATO OOH CHOI CHENG
1,261 sqft · RM 512.00 PSF
Apr 2023
1,400 sqft
Double Storey Shop
RM 500,000
JALAN CHE BEE NOOR
1,399 sqft · RM 357.00 PSF
Feb 2023
1,600 sqft
Double Storey Shop
RM 550,000
JALAN DANBY
1,620 sqft · RM 340.00 PSF
Sep 2023
1,650 sqft
Double Storey Shop
RM 410,000
JALAN STESYEN
1,631 sqft · RM 251.00 PSF
Jul 2023
1,850 sqft
Double Storey Shop
RM 630,000
JALAN STESHEN
1,853 sqft · RM 340.00 PSF
Dec 2023
1,900 sqft
Single Storey Semi-D
RM 275,000
JALAN PERMATANG RAWA
1,884 sqft · RM 146.00 PSF
May 2023
8,750 sqft
Shop/Retail Lot
RM 672,000
Level KESELURUHAN BANGUNAN
8,767 sqft · RM 77.00 PSF
Feb 2023
RM 717,000
Level KESELURUHAN BANGUNAN
8,767 sqft · RM 82.00 PSF
Feb 2023
26,950 sqft
Double Storey Shop
RM 5,000,000
JALAN DATUK OOH CHOOI CHENG
26,952 sqft · RM 186.00 PSF
Aug 2023