Terrace, Semi-Detached - Freehold
BUKIT MINYAK
Seberang Perai, Penang
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Bukit Minyak is an industrial town located in the northern state of Penang. It is situated on the mainland, and is technically in Simpang Ampat which is in the region of Seberang Perai. Seberang Perai is neighboured by Bukit Mertajam, and Bukit Minyak is close to Permatang Tinggi.
The main driving economy of Bukit Minyak are its industrial plants. Most of the major factories located in the north have their factories here, including Pensonic. The factories are mostly situated in the Bukit Minyak Industrial Park and the Penang Science Park. The residential components are mainly in Juru.
Bukit Minyak was named after Kampung Bukit Minyak which is located along the river of Sungai Juru. The main trunk road that serves Bukit Minyak is the naturally Jalan Bukit Minyak, which in turn provides connectivity to Jalan Bukit Tengah. For those who run a business from Bukit Minyak, travelling out of the town is easy as the North-South Highway is located to the west of the town.
Public transportation is poor in this town. The local bus service provider, Rapid Penang, does not service this area regularly. In fact, the easiest way to travel around this town via public transport is if you are a factory worker, whereby the workers can commute via factory busses.
The residents of Bukit Minyak do however have a local shopping mall where they can do their grocery shopping at, in form of Aeon Big Bukit Minyak. This hypermarket which was previously known as Carrefour Bukit Minyak is situated at the junction of Jalan Bukit Minyak and Jalan Bukit Tengah. The hypermarket is fronted by two rows of shophouses.
Bukit Minyak is also the chosen ground for opening the Juru AutoCity. As its name suggests, this is go-to place for buying any motorised vehicle. All the major brands are represented here, including both local and international brands. But what makes this place attractive to those not shopping for a car is the shopping centre here that has all the popular F&B franchises such as Haagen Dazs, Manhattan Fish Market and Coffee Bean.
Getting to Georgetown the capital of Penang will require an approximate 35 minutes drive, while the Penang International Airport is about a 30-minute drive away as well.
Nearby Neighbourhoods
23
New developments within neighbourhood
3
Convenience Stores
0
Shopping Malls
5
Supermarkets & Markets
7
Public Transport
5
Educational Institutions
5
Places of Worship
0
Medical Facilities
0
Banks
2
Petrol Stations
average
Crime Level
North South Expressway
Highways
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Transacted Prices
This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).
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Transacted Prices will give you an idea of the neighbourhood’s property price trend.
Analysis & Comparison
Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Bukit Minyak *
* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area
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Consumer Price Index
This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015
Did you know?
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)
The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.
The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.
While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.
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