BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 81 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 285.
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 160K, with most transactions falling within a stable range of RM 101K to RM 219K, and a typical market range of RM 105K to RM 215K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
Price per square foot shows a median of RM 285, though individual units vary from RM 222 to RM 348 in the core range. The broader market spans RM 243.00 to RM 327.00, indicating diverse property characteristics. The spread of RM 84.00 (IQR) and deviation of RM 63 (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.
