Penang
Timur Laut
13
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

2023

Median Price

RM 1,587,500

PSF: RM 1,031

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Commercial PSF Trends

Median Price

RM 1,587,500

RM 1,031 PSF

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 1.59 million and a median price per square foot (PSF) of RM 1,031.

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 1.59 million, with most transactions falling within a stable range of RM 1.47 million to RM 1.71 million, and a typical market range of RM 1.45 million to RM 1.78 million.

Most transactions involved shop unit/retail lot4, though some variety exists in the market.

For price per square foot, the median is RM 1,031, with most transactions between RM 958 and RM 1,104. The usual range is RM 832.75 to RM 1,229.25, showing that most units are priced quite close to each other. With an IQR of RM 396.50 and MAD of RM 73, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

OSM

Track location

Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

Road	Price	Land PSF	Land	Date	Type

1,550 sqft

3-Storey Shop

1,550 sqft

3-Storey Shop

RM 1,580,000

LINTANG ANGSANA

1,539 sqft · RM 1,026 PSF

Nov 2023

RM 1,595,000

LINTANG ANGSANA

1,539 sqft · RM 1,036 PSF

Jul 2023

RM 1,780,000

LINTANG ANGSANA

1,550 sqft · RM 1,148 PSF

Jul 2023

RM 1,450,000

JALAN ANGSANA

1,539 sqft · RM 942 PSF

Apr 2023

LINTANG ANGSANA	RM 1,580,000	RM 1,026	1,539 sqft	Nov 2023
LINTANG ANGSANA	RM 1,595,000	RM 1,036	1,539 sqft	Jul 2023
LINTANG ANGSANA	RM 1,780,000	RM 1,148	1,550 sqft	Jul 2023
JALAN ANGSANA	RM 1,450,000	RM 942	1,539 sqft	Apr 2023