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 2
|
RM 800,000
|
RM 614
|
1,302 sqft
|
|
Office |
|
Level 1
|
RM 1,500,000
|
RM 1,142
|
1,313 sqft
|
|
Shop |
| 2022 | |||||
|
Level 1
|
RM 845,000
|
RM 643
|
1,313 sqft
|
|
Shop |
|
Level 2
|
RM 845,000
|
RM 643
|
1,313 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 845,000
RM 643 psfMedian transaction price
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
MapsBayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 4 subsale transactions between 2021 and 2026, sized between 1,275 and 1,324 sqft, with a median price of RM 845K 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 845K, with most transactions falling within a stable range of RM 800K to RM 1.14 million, and a typical market range of RM 800K to RM 1.16 million.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
Price per square foot shows a median of RM 643, though individual units vary from RM 423 to RM 864 in the core range. The broader market spans RM 355.72 to RM 931.22, indicating diverse property characteristics. A wider spread (IQR: RM 575.50) and deviation (MAD: RM 221) 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. Limited transaction history suggests carefully evaluating comparable sales data.