BANDAR BUTTERWORTH

BANDAR BUTTERWORTH in Seberang Perai Utara, Penang recorded 18 subsale transactions in 2024, with a median price of RM 802K and a median price per square foot (PSF) of RM 404.

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 802K, with most transactions falling within a stable range of RM 375K to RM 1.23 million, and a typical market range of RM 585K to RM 1.02 million.

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 404, though individual units vary from RM 184 to RM 623 in the core range. The broader market spans RM 240.13 to RM 566.88, indicating diverse property characteristics. A wider spread (IQR: RM 326.75) and deviation (MAD: RM 219) 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.