BANDAR BARU AIR ITAM

Area Intelligence
2023
Median Price
RM 160,000
PSF: RM 285

Residential PSF Trends

Median Price

RM 160,000

PSF: RM 285

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 780K to RM 336K, and a typical market range of RM 780K 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 182 to RM 388 in the core range. The broader market spans RM 243.00 to RM 327.00, indicating diverse property characteristics. A wider spread (IQR: RM 84.00) and deviation (MAD: RM 103) 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

OSM

Track location

Transactions

8 transactions grouped by size

1,550 sqft
Double Storey Terraced
RM 878,000
JALAN RU 3
1,539 sqft · RM 570 PSF
RM 780,000
JALAN BERIKSA 4
1,528 sqft · RM 510 PSF
1,900 sqft
Double Storey Terraced
RM 1,200,000
SOLOK ZOO 1
1,894 sqft · RM 633 PSF
2,250 sqft
Double Storey Semi-D
RM 1,200,000
JALAN ZOO
2,239 sqft · RM 536 PSF
2,400 sqft
Double Storey Semi-D
RM 1,180,000
LEBUHRAYA THEAN TEIK
2,400 sqft · RM 492 PSF
2,550 sqft
Double Storey Semi-D
RM 1,000,000
LTG PAYA TERUBONG 4
2,562 sqft · RM 390 PSF
RM 1,200,000
LINTANG PAYA TERUBONG 4
2,562 sqft · RM 468 PSF
2,850 sqft
Single Storey Semi-D
RM 800,000
JALAN BERIKSA 2
2,874 sqft · RM 278 PSF

No Properties For Sale

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

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