Area Intelligence

TAMAN BUKIT MINYAK UTAMA

5 properties
Double Storey Shop
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Median Price
RM 882,000
PSF: RM 561

Residential Market

Median Price

RM 680,000

IQR: RM 189
MAD: RM 86
RM 422 PSF 1.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 882,000

IQR: RM 41
MAD: RM 20
RM 561 PSF 8.6%

PSF Trends (2021-2025)

TAMAN BUKIT MINYAK UTAMA in Seberang Perai Tengah, Penang recorded 5 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 882K and a median price per square foot (PSF) of RM 561.

This area contains both residential and commercial properties. View 35 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 882K, with most transactions falling within a stable range of RM 850K to RM 1.21 million, and a typical market range of RM 850K to RM 982K.

Within the Double Storey Shop category, 2 - 2 1/2 storey terraced dominated the market, with moderate diversity in property types available.

For price per square foot, the median is RM 561, with most transactions between RM 538 and RM 584. The usual range is RM 466.00 to RM 656.00, showing that most units are priced quite close to each other. With an IQR of RM 190.00 and MAD of RM 23, 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.

Area Location

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TAMAN BUKIT MINYAK UTAMA, Seberang Perai Tengah, Penang

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Transactions

5 properties grouped by size

1,550 sqft
3 units Double Storey Shop
RM 850,000
LORONG BUKIT MINYAK UTAMA 2
1,572 sqft · RM 541.00 PSF
Mar 2023
RM 882,000
LORONG BUKIT MINYAK UTAMA 2
1,572 sqft · RM 561.00 PSF
Jan 2023
RM 882,000
LORONG BUKIT MINYAK UTAMA 2
1,572 sqft · RM 561.00 PSF
Oct 2022
1,850 sqft
1 units Double Storey Shop
RM 1,135,000
LORONG BUKIT MINYAK UTAMA 2
1,873 sqft · RM 606.00 PSF
Apr 2024
3,150 sqft
1 units Double Storey Shop
RM 1,710,000
LORONG BUKIT MINYAK UTAMA 2
3,143 sqft · RM 544.00 PSF
Mar 2023