BANDAR BUTTERWORTH

BANDAR BUTTERWORTH in Seberang Perai Utara, Penang recorded 13 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 563.

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 RM 600K, with most transactions falling within a stable range of RM 400K to RM 1.02 million, and a typical market range of RM 400K to RM 816K.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 563, though individual units vary from RM 2 to RM 1,124 in the core range. The broader market spans RM 399.63 to RM 726.38, indicating diverse property characteristics. A wider spread (IQR: RM 326.75) and deviation (MAD: RM 561) 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.