BAYAN BARU

BAYAN BARU in Barat Daya, Penang recorded 32 subsale transactions in 2021, with a median price of RM 180K and a median price per square foot (PSF) of RM 312.

This area contains both residential and commercial properties. View 247 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 180K, with most transactions falling within a stable range of RM 120K to RM 496K, and a typical market range of RM 120K to RM 352K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

Price per square foot shows a median of RM 312, though individual units vary from RM 243 to RM 381 in the core range. The broader market spans RM 261.75 to RM 362.25, indicating diverse property characteristics. The spread of RM 100.50 (IQR) and deviation of RM 69 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.