Elit Avenue
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 2
|
RM 890,000
|
RM 612
|
1,453 sqft
|
|
Shop |
| 2023 | |||||
|
Level 2
|
RM 1,550,000
|
RM 1,030
|
1,505 sqft
|
|
Serviced Apt |
|
Level 1
|
RM 1,580,000
|
RM 1,398
|
1,130 sqft
|
|
Shop |
|
Level 1
|
RM 3,000,000
|
RM 1,072
|
2,799 sqft
|
|
Shop |
| 2022 | |||||
|
Level 1
|
RM 1,500,000
|
RM 1,327
|
1,130 sqft
|
|
Shop |
|
Level 1
|
RM 1,350,000
|
RM 957
|
1,410 sqft
|
|
Shop |
|
Level 1
|
RM 950,000
|
RM 929
|
1,023 sqft
|
|
Shop |
|
Level 1
|
RM 1,400,000
|
RM 1,251
|
1,119 sqft
|
|
Shop |
|
Level 2
|
RM 780,000
|
RM 630
|
1,238 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 1,375,000
RM 1,015 psfMedian transaction price
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsElit Avenue in Barat Daya, Penang recorded 9 subsale transactions between 2021 and 2026, with a median price of RM 1.40 million and a median price per square foot (PSF) of RM 1,030.
This area contains both residential and commercial properties. View 1 residential properties or 8 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.40 million, with most transactions falling within a stable range of RM 1.22 million to RM 1.58 million, and a typical market range of RM 1.10 million to RM 1.70 million.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
Price per square foot shows a median of RM 1,030, though individual units vary from RM 809 to RM 1,251 in the core range. The broader market spans RM 868.97 to RM 1,190.97, indicating diverse property characteristics. The spread of RM 322.00 (IQR) and deviation of RM 221 (MAD) suggest moderate price variations reflecting different property features.
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.