BANDAR BARU AIR ITAM-DESA MAWAR in Timur Laut, Penang recorded 18 subsale transactions in 2023, with a median price of RM 169K and a median price per square foot (PSF) of RM 314.
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 169K, with most transactions falling within a stable range of RM 146K to RM 192K, and a typical market range of RM 155K to RM 183K.
Most transactions involved low-cost flat, though some variety exists in the market.
The median PSF stands at RM 314, with core pricing between RM 272 and RM 356. Market pricing typically extends from RM 288.63 to RM 339.38, reflecting moderate variation in unit pricing. With an IQR of RM 50.75 and MAD of RM 42, the PSF demonstrates reasonable consistency across the market.
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.
