Area Intelligence

BANDAR BARU AIR ITAM-DESA MAWAR

6 properties
Flat
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Median Price
RM 184,000
PSF: RM 342

Residential Market

Median Price

RM 184,000

IQR: RM 50
MAD: RM 28
RM 342 PSF 3.6%

PSF Trends (2021-2025)

BANDAR BARU AIR ITAM-DESA MAWAR in Timur Laut, Penang recorded 6 Flat properties subsale transactions between 2021 and 2025 for flat properties, with a median price of RM 184K and a median price per square foot (PSF) of RM 342.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 184K, with most transactions falling within a stable range of RM 166K to RM 202K, and a typical market range of RM 171K to RM 197K.

Within the Flat category, low-cost flat dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 342, with most transactions between RM 308 and RM 375. The usual range is RM 316.75 to RM 366.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 49.50 and an average deviation (MAD) of RM 34 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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BANDAR BARU AIR ITAM-DESA MAWAR, Timur Laut, Penang

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Transactions

6 properties grouped by size

550 sqft
6 units Flat
RM 188,000
538 sqft · RM 349.00 PSF
Oct 2024
RM 150,000
538 sqft · RM 279.00 PSF
Oct 2023
RM 174,000
538 sqft · RM 323.00 PSF
Sep 2023
RM 210,000
538 sqft · RM 390.00 PSF
Sep 2023
RM 180,000
538 sqft · RM 334.00 PSF
Aug 2023
RM 190,000
538 sqft · RM 353.00 PSF
Aug 2023