BANDAR BARU AIR ITAM

Area Intelligence
2021
Median Price
RM 190,000
PSF: RM 292

Residential PSF Trends

Median Price

RM 190,000

PSF: RM 292

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 1.06 million to RM 249K, and a typical market range of RM 1.06 million to RM 245K.

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 209 to RM 374 in the core range. The broader market spans RM 249.50 to RM 333.50, indicating diverse property characteristics. A wider spread (IQR: RM 84.00) and deviation (MAD: RM 82) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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BANDAR BARU AIR ITAM, Timur Laut, Penang

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Transactions

3 transactions grouped by size

2,250 sqft
Double Storey Semi-D
RM 1,200,000
JALAN ZOO
2,239 sqft · RM 536 PSF
2,850 sqft
Double Storey Semi-D
RM 1,060,000
JALAN ZOO (JALAN RU)
2,863 sqft · RM 370 PSF
3,100 sqft
Double Storey Terraced
RM 1,100,000
JALAN RU
3,100 sqft · RM 355 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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