Taman Molek
Butterworth, Pulau Pinang, Malaysia
Butterworth, Pulau Pinang, Malaysia
Property Type
| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong. Molek 1
|
RM800,000
|
RM289
|
2,768 sqft
|
|
|
Jalan Bagan Ajam
|
RM2,800,000
|
RM238
|
11,765 sqft
|
|
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PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Bandar Butterworth
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Market Snapshot
RM800,000
RM289 psfMedian transaction price
RM2,800,000
RM532 psfMedian transaction price
Does TAMAN MOLEK rent out well?
Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
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Taman Molek, Butterworth, Pulau Pinang, Malaysia
MapsTaman Molek in Seberang Perai Utara, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM1.80 million and a median price per square foot (PSF) of RM289.
This area contains both residential and commercial properties. View 1 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM1.80 million, with most transactions falling within a stable range of RM800K to RM2.80 million, and a typical market range of RM1.30 million to RM2.30 million.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
Price per square foot shows a median of RM289, though individual units vary from RM168 to RM411 in the core range. The broader market spans RM228.25 to RM349.75, indicating diverse property characteristics. A wider spread (IQR: RM121.50) and deviation (MAD: RM122) 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.