BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 162 Low-Cost Flat properties subsale transactions between 2021 and 2025 for low-cost flat properties, with a median price of RM 140K and a median price per square foot (PSF) of RM 261.

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 140K, with most transactions falling within a stable range of RM 114K to RM 166K, and a typical market range of RM 90K to RM 195K.

Within the Low-Cost Flat category, low-cost flat dominated the market, with high diversity across multiple property types.

The median PSF stands at RM 261, with core pricing between RM 216 and RM 306. Market pricing typically extends from RM 219.00 to RM 303.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 45 (MAD) suggest moderate price variations reflecting different property features.

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. Steady transaction activity supports reliable market pricing.