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 261 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 190K to RM 350K, and a typical market range of RM 100K to RM 440K.

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

The median PSF stands at RM 347, with core pricing between RM 297 and RM 397. Market pricing typically extends from RM 296.50 to RM 397.50, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

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.