Area Intelligence

BANDAR PERAI JAYA

15 properties
2022
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Median Price
RM 69,000
PSF: RM 93

Residential Market

Median Price

RM 50,000

IQR: RM 18
MAD: RM 11
RM 84 PSF 1.0%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 562,500

IQR: RM 296
MAD: RM 113
RM 336 PSF 31.9%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

BANDAR PERAI JAYA in Seberang Perai Tengah, Penang recorded 15 subsale transactions in 2022, with a median price of RM 69K and a median price per square foot (PSF) of RM 93.

This area contains both residential and commercial properties. View 33 residential properties or 23 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 69K, with most transactions falling within a stable range of RM 23K to RM 325K, and a typical market range of RM 23K to RM 312K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

Price per square foot shows a median of RM 93, though individual units vary from RM 0 to RM 232 in the core range. The broader market spans RM 72.00 to RM 114.00, indicating diverse property characteristics. A wider spread (IQR: RM 42.00) and deviation (MAD: RM 139) 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.

Area Location

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BANDAR PERAI JAYA, Seberang Perai Tengah, Penang

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Transactions

15 properties grouped by size

550 sqft
2 units Low-Cost Flat
RM 30,000
560 sqft · RM 54.00 PSF
Sep 2022
RM 23,000
560 sqft · RM 41.00 PSF
Mar 2022
600 sqft
7 units Low-Cost Flat
RM 80,000
592 sqft · RM 135.00 PSF
Nov 2022
RM 69,000
592 sqft · RM 117.00 PSF
Nov 2022
RM 50,000
592 sqft · RM 84.00 PSF
Sep 2022
RM 53,000
592 sqft · RM 90.00 PSF
May 2022
RM 36,000
592 sqft · RM 61.00 PSF
Apr 2022
RM 55,000
592 sqft · RM 93.00 PSF
Mar 2022
RM 29,000
592 sqft · RM 49.00 PSF
Jan 2022
650 sqft
1 units Shop/Retail Lot
RM 180,000
645 sqft · RM 279.00 PSF
May 2022
1,250 sqft
1 units 3-Storey Storey Shop
RM 550,000
JALAN PERAI JAYA 5
1,249 sqft · RM 440.00 PSF
Nov 2022
1,600 sqft
2 units 3-Storey Storey Shop
RM 575,000
JALAN PERAI JAYA 4
1,604 sqft · RM 359.00 PSF
Feb 2022
RM 600,000
JALAN PERAI JAYA 4
1,604 sqft · RM 374.00 PSF
Feb 2022
2,250 sqft
1 units 3-Storey Storey Shop
RM 700,000
JALAN BARU
2,245 sqft · RM 312.00 PSF
Jun 2022
53,250 sqft
1 units 3-Storey Storey Shop
RM 550,000
JALAN BARU
53,238 sqft · RM 10.00 PSF
Jul 2022