Area Intelligence

PUSAT BANDAR BAYAN BARU

3 properties
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Median Price
RM 900,000
PSF: RM 740

Commercial Market

Median Price

RM 900,000

IQR: RM 281
MAD: RM 190
RM 740 PSF 40.4%

PSF Trends (2021-2025)

PUSAT BANDAR BAYAN BARU in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 900K and a median price per square foot (PSF) of RM 740.

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 900K, with most transactions falling within a stable range of RM 210K to RM 1.59 million, and a typical market range of RM 210K to RM 2.90 million.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 740, though individual units vary from RM 550 to RM 930 in the core range. The broader market spans RM 599.50 to RM 880.50, indicating diverse property characteristics. A wider spread (IQR: RM 281.00) and deviation (MAD: RM 190) 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.

Area Location

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PUSAT BANDAR BAYAN BARU, Barat Daya, Penang

OSM

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Transactions

3 properties grouped by size

550 sqft
1 units Office Lot
RM 210,000
570 sqft · RM 368.00 PSF
Nov 2024
1,200 sqft
1 units Double Storey Shop
RM 900,000
LORONG MAHSURI 7
1,216 sqft · RM 740.00 PSF
Sep 2024
8,800 sqft
1 units Double Storey Shop
RM 8,200,000
JALAN MAYANG PASIR 1
8,816 sqft · RM 930.00 PSF
Dec 2023