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 |
|---|
|
Level 2
|
RM 1,550,000
|
RM 1,030
|
1,505 sqft
|
|
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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 1 Serviced Apt properties subsale transactions between 2021 and 2026, with a median price of RM 1.55 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.
Within the Serviced Apt category, shop unit/retail lot dominated the market, though some variety exists in the market.
For price per square foot, the median is RM 1,030, with most transactions between RM 1,030 and RM 1,030. The usual range is RM 868.97 to RM 1,190.97, showing that most units are priced quite close to each other. With an IQR of RM 322.00 and MAD of RM 0, 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.