BAYAN BARU

BAYAN BARU in Barat Daya, Penang recorded 71 subsale transactions in 2023, with a median price of RM 270K and a median price per square foot (PSF) of RM 347.

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 270K, with most transactions falling within a stable range of RM 87K to RM 521K, and a typical market range of RM 98K to RM 442K.

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

Price per square foot shows a median of RM 347, though individual units vary from RM 247 to RM 447 in the core range. The broader market spans RM 296.75 to RM 397.25, indicating diverse property characteristics. A wider spread (IQR: RM 100.50) and deviation (MAD: RM 100) 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. Moderate transaction volume may require patience when buying or selling.