PLAZA BKT MERTAJAM(SUMMIT)

PLAZA BKT MERTAJAM(SUMMIT) in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 215K and a median price per square foot (PSF) of RM 384.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 215K, with most transactions falling within a stable range of RM 188K to RM 242K, and a typical market range of RM 197K to RM 234K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 384, with core pricing between RM 334 and RM 434. Market pricing typically extends from RM 357.59 to RM 410.59, reflecting moderate variation in unit pricing. With an IQR of RM 53.00 and MAD of RM 50, 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.