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 114K to RM 206K, and a typical market range of RM 105K to RM 215K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

The median PSF stands at RM 285, with core pricing between RM 231 and RM 339. Market pricing typically extends from RM 243.00 to RM 327.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 54 (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.

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BANDAR BARU AIR ITAM, Timur Laut, Penang

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Transactions

68 transactions grouped by size

500 sqft
RM 115,000
Level 12
517 sqft · RM 223 PSF
RM 150,000
Level 4
513 sqft · RM 292 PSF
RM 130,000
Level 12
512 sqft · RM 254 PSF
RM 120,000
Level 5
512 sqft · RM 234 PSF
RM 135,000
Level 4
512 sqft · RM 263 PSF
RM 150,000
Level 3
512 sqft · RM 293 PSF
600 sqft
Low-Cost Flat
RM 170,000
Level 7
611 sqft · RM 278 PSF
RM 140,000
Level 6
609 sqft · RM 230 PSF
RM 174,000
Level 14
609 sqft · RM 286 PSF
RM 160,000
Level 6
609 sqft · RM 263 PSF
RM 150,000
Level 5
614 sqft · RM 244 PSF
RM 180,000
Level 1
614 sqft · RM 293 PSF
700 sqft
RM 250,000
Level 13
689 sqft · RM 363 PSF
RM 235,000
Level 11
689 sqft · RM 341 PSF
RM 280,000
Level 15
689 sqft · RM 406 PSF
RM 220,000
Level 7
689 sqft · RM 319 PSF
RM 250,000
Level 3
689 sqft · RM 363 PSF
RM 238,000
Level 11
689 sqft · RM 345 PSF
750 sqft
Flat
RM 270,000
Level 5
732 sqft · RM 369 PSF

No Properties For Sale

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

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