Bayan Megamall/ Bay Avenue
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 1
|
RM 1,500,000
|
RM 1,327
|
1,130 sqft
|
|
Shop |
| 2022 | |||||
|
Level 1
|
RM 1,850,000
|
RM 1,621
|
1,141 sqft
|
|
Shop |
| 2021 | |||||
|
Level G
|
RM 2,000,000
|
RM 1,753
|
1,141 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 1,850,000
RM 1,621 psfMedian transaction price
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
MapsBayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 1,125 and 1,174 sqft, with a median price of RM 1.85 million and a median price per square foot (PSF) of RM 1,621.
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 1.85 million, with most transactions falling within a stable range of RM 1.64 million to RM 2.00 million, and a typical market range of RM 1.53 million to RM 2.00 million.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
The median PSF stands at RM 1,621, with core pricing between RM 1,443 and RM 1,799. Market pricing typically extends from RM 1,333.68 to RM 1,909.18, reflecting moderate variation in unit pricing. With an IQR of RM 575.50 and MAD of RM 178, the PSF demonstrates reasonable consistency across the market.
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.