The median sale at Butterworth, Penang, Malaysia is RM 300,000
Overview
Butterworth is the major town of the mainland region of Penang state and is located along the West coast bordered by the Straits of Malacca on the West and the Prai River on the South. The foundations of this town were initially laid in the mid-19th century as a landing place from Georgetown, capital of Penang. Today this mainland town acts as the jumping-off point for Penang Island via the Butterworth–Penang ferry jetty and the impressive 13.5 km Penang Bridge. Butterworth is named after William John Butterworth the Governor of the Straits Settlements during 1843-1855. Locals also refer to it as Bagan which translates to "jetty".
Property Development
The presence of a rubber plantation area, oil-import facilities, a modern tin smelter and steel plant, and the Mak Mandin industrial estate has enhanced industrial growth in the area. Developed property types in Butterworth include 2, 2.5 & 3-storey terrace houses, semi-detached units and shop offices (Taman Bagan Baru, Taman Jawa, Taman Mekar and Carissa Villas), several luxury condominiums (Wellesley Residences, Ocean View Residences, Park View Tower and Sea View Tower) and apartments (Woodsbury Suites, Ria Apartment and Pantai Apartment).
Places of Attraction
Prominent locations where locals and tourists flock include Tow Boo Kong Temple – many Taoist worshippers gather for prayers and for the yearly Nine Emperor Gods Festival, Air Hitam Dalam Educational Forest – the innumerable flora and fauna in this freshwater marshland are observed from boardwalks, suspension bridges, observation towers and gazebos built amidst nature, Penang Bird Park – home to more than 300 bird species, vast array of flora and several wildlife built in a garden concept with natural ponds and expansive walk-in aviaries, Bersih Beach – favored picnic spot and many shores with sandy beaches and dense mangrove swamps.
Amenities and Facilities
Other amenities and facilities include children's playground, banks, clinics, police station, gas station, several primary and secondary schools, multiple hypermarkets such as Tesco Extra, Econsave, Sunway Carnival Mall (includes Giant and Parkson), flea market in Taman Selat popular for antique goods and local food stalls and Jalan Raja Uda Apolla morning market with hawker stalls, food courts and restaurants lining the streets.
Accessibility and Transportation
Very efficient public transport systems are offered by a unified location with a ferry terminal to Penang Island, KTM train station and a bus station connected by covered walkways. Butterworth is accessible via road by the Butterworth Outer Ring Road and Butterworth-Kulim Expressway (part of North-South Expressway). Prai River Bridge is a cable stayed bridge that crosses onto Perai and forms part of the Butterworth Outer Ring Road. The closest airport is the Penang International Airport located about 40 minutes away on Penang Island.
Past Transactions
Project / TownShips | Type | Median Price Psf | Median Price | Filed Transactions |
---|---|---|---|---|
Ria Apartment | Condominium/Apartment,Flat | RM 263 | RM 213,112 | 153 Transactions |
Taman Bagan | Terrace House,Semi-Detached House,Flat | RM 231 | RM 333,643 | 140 Transactions |
Harbour Place | Condominium/Apartment | RM 343 | RM 344,830 | 119 Transactions |
Taman Selayang Utama | Low-Cost House,Terrace House,Semi-Detached House | RM 412 | RM 572,819 | 110 Transactions |
Wellesley Residences | Condominium/Apartment | RM 421 | RM 363,000 | 103 Transactions |
Taman Mewah | Condominium/Apartment,Flat | RM 172 | RM 111,856 | 83 Transactions |
Flat Mak Mandin | Flat | RM 96 | RM 54,963 | 54 Transactions |
Taman Bagan Baru | Terrace House,Semi-Detached House | RM 351 | RM 473,556 | 43 Transactions |
Taman Mesra Permai | Terrace House,Semi-Detached House,Detached House | RM 330 | RM 572,888 | 40 Transactions |
Rumah Pangsa Sri Bagan | Flat,Condominium/Apartment | RM 102 | RM 57,869 | 38 Transactions |
Check out all transactions.
Rent and Sale Prices in Butterworth
Bedrooms | Sale Price | Monthly Rent | Rental Yield |
---|---|---|---|
1 | RM -- | RM -- | -- |
2 | RM -- | RM -- | -- |
3 | RM 308,417 | RM 1,529 | 5.95% |
4 | RM -- | RM -- | -- |
5 | RM -- | RM -- | -- |
Price per Square Foot
Sector | Price Psf (Non Landed) | Price Psf (Landed) |
---|---|---|
Area Average | RM 240 | RM 301 |
State Average | RM 328 | RM 256 |