Industri Bukit Minyak(Perda)

Jalan Perindustrian Bukit Minyak, 14100 Simpang Ampat, Pulau Pinang, Malaysia

Property Transactions

4 subsales grouped by size

Median
RM6,648,500
PSF
RM258
Price Size
Period
transactions middle 50% (P25–P75)
9,800 sqft
Semi-D Factory
RM2,600,000
Lorong Bukit Minyak 1D
9,817 sqft · RM265 PSF
11,150 sqft
Semi-D Factory
RM2,800,000
Lorong Iks Bukit Minyak 1D
11,151 sqft · RM251 PSF
35,350 sqft
Factory
RM10,497,000
Jalan Iks Bukit Minyak
35,338 sqft · RM297 PSF
57,650 sqft
Factory
RM13,200,000
Jalan Iks Bukit Minyak
57,630 sqft · RM229 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM6,648,500

RM258 psf

Median transaction price

Industri Bukit Minyak(Perda)
© OpenStreetMap · CARTO

Jalan Perindustrian Bukit Minyak, 14100 Simpang Ampat, Pulau Pinang, Malaysia

Maps

Industri Bukit Minyak(Perda) in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2024, with a median price of RM6.65 million and a median price per square foot (PSF) of RM258.

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 RM6.65 million, with most transactions falling within a stable range of RM2.60 million to RM11.32 million, and a typical market range of RM3.66 million to RM9.63 million.

Most transactions involved detached factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM258, with most transactions between RM233 and RM283. The usual range is RM202.22 to RM313.72, showing that most units are priced quite close to each other. With an IQR of RM111.50 and MAD of RM25, 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.