TAMAN BUKIT MAS (BELMONT RESIDENCES)

TAMAN BUKIT MAS (BELMONT RESIDENCES) in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 418K and a median price per square foot (PSF) of RM 554.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 418K, with most transactions falling within a stable range of RM 401K to RM 434K, and a typical market range of RM 401K to RM 434K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 554, with most transactions between RM 552 and RM 556. The usual range is RM 496.50 to RM 611.50, showing that most units are priced quite close to each other. With an IQR of RM 115.00 and MAD of RM 2, 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.