BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 20 subsale transactions in 2021, with a median price of RM 190K and a median price per square foot (PSF) of RM 292.
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 190K, with most transactions falling within a stable range of RM 144K to RM 236K, and a typical market range of RM 135K to RM 240K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
Price per square foot shows a median of RM 292, though individual units vary from RM 232 to RM 351 in the core range. The broader market spans RM 249.50 to RM 333.50, indicating diverse property characteristics. The spread of RM 84.00 (IQR) and deviation of RM 60 (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. Moderate transaction volume may require patience when buying or selling.
