BAYAN MEGAMALL/ BAY AVENUE

BAYAN MEGAMALL/ BAY AVENUE in Barat Daya, Penang recorded 18 subsale transactions between 2021 and 2025, with a median price of RM 875K and a median price per square foot (PSF) of RM 643.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 875K, with most transactions falling within a stable range of RM 775K to RM 975K, and a typical market range of RM 700K to RM 1.19 million.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

The median PSF stands at RM 643, with core pricing between RM 563 and RM 724. Market pricing typically extends from RM 355.25 to RM 930.75, reflecting moderate variation in unit pricing. With an IQR of RM 575.50 and MAD of RM 81, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.