BAYAN MEGAMALL/ BAY AVENUE

BAYAN MEGAMALL/ BAY AVENUE in Barat Daya, Penang recorded 3 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 800K and a median price per square foot (PSF) of RM 572.

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 800K, with most transactions falling within a stable range of RM 753K to RM 800K, and a typical market range of RM 700K to RM 800K.

Within the Office Lot category, shop unit/retail lot dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 572, with most transactions between RM 525 and RM 619. The usual range is RM 284.25 to RM 859.75, showing that most units are priced quite close to each other. With an IQR of RM 575.50 and MAD of RM 47, 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.