BANDAR BARU AIR ITAM

Area Intelligence
2022
Median Price
RM 148,000
PSF: RM 268

Residential PSF Trends

Median Price

RM 148,000

PSF: RM 268

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 80 subsale transactions in 2022, with a median price of RM 148K and a median price per square foot (PSF) of RM 268.

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 148K, with most transactions falling within a stable range of RM 300K to RM 326K, and a typical market range of RM 300K to RM 203K.

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

Price per square foot shows a median of RM 268, though individual units vary from RM 168 to RM 367 in the core range. The broader market spans RM 225.50 to RM 309.50, indicating diverse property characteristics. A wider spread (IQR: RM 84.00) and deviation (MAD: RM 99) 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

6 transactions grouped by size

700 sqft
Cluster House
RM 345,000
JALAN SEMARAK API
687 sqft · RM 502 PSF
RM 300,000
JALAN SEMARAK API
690 sqft · RM 435 PSF
1,550 sqft
Double Storey Terraced
RM 750,000
JALAN BERIKSA 3
1,539 sqft · RM 487 PSF
1,650 sqft
Double Storey Terraced
RM 750,000
JALAN TEOCHEW
1,625 sqft · RM 461 PSF
2,250 sqft
Single Storey Semi-D
RM 600,000
JALAN ANGSANA
2,239 sqft · RM 268 PSF
2,300 sqft
Single Storey Semi-D
RM 600,000
JALAN BERIKSA SATU
2,293 sqft · RM 262 PSF

No Properties For Sale

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

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