Bayan City / Elite Height
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
Property Type
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 1,240,000
|
RM 702
|
1,765 sqft
|
|
|
Level 2
|
RM 1,400,000
|
RM 551
|
2,540 sqft
|
|
|
|
Level 3
|
RM 950,000
|
RM 374
|
2,540 sqft
|
|
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Market Snapshot
RM 615,000
RM 439 psfMedian transaction price
RM 865,000
RM 517 psfMedian transaction price
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBayan City / Elite Height in Barat Daya, Penang recorded 6 Office Lot properties subsale transactions between 2021 and 2026, with a median price of RM 865K and a median price per square foot (PSF) of RM 517.
This area contains both residential and commercial properties. View 51 residential properties or 7 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 865K, with most transactions falling within a stable range of RM 540K to RM 1.19 million, and a typical market range of RM 823K to RM 907K.
Within the Office Lot category, serviced apartment dominated the market, though some variety exists in the market.
The median PSF stands at RM 517, with core pricing between RM 420 and RM 614. Market pricing typically extends from RM 476.41 to RM 557.17, reflecting moderate variation in unit pricing. The spread of RM 80.75 (IQR) and deviation of RM 97 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.