Penang
Barat Daya
12
PUSAT BANDAR BAYAN BARU

PUSAT BANDAR BAYAN BARU

Area Intelligence

2024

Median Price

RM 555,000

PSF: RM 554

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Commercial PSF Trends

Median Price

RM 555,000

RM 554 PSF

PUSAT BANDAR BAYAN BARU in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 555K and a median price per square foot (PSF) of RM 554.

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 555K, with most transactions falling within a stable range of RM 210K to RM 900K, and a typical market range of RM 210K to RM 900K.

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 554, though individual units vary from RM 368 to RM 740 in the core range. The broader market spans RM 413.50 to RM 694.50, indicating diverse property characteristics. A wider spread (IQR: RM 281.00) and deviation (MAD: RM 186) 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.

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PUSAT BANDAR BAYAN BARU, Barat Daya, Penang

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