BANDAR BARU AIR ITAM (KOMPLEK FARLIM) in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 128K and a median price per square foot (PSF) of RM 359.
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 128K, with most transactions falling within a stable range of RM 123K to RM 133K, and a typical market range of RM 119K to RM 136K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
For price per square foot, the median is RM 359, with most transactions between RM 345 and RM 373. The usual range is RM 343.25 to RM 374.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.50 and an average deviation (MAD) of RM 14 indicate a highly stable PSF trend across properties.
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.
