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 600K to RM 223K, and a typical market range of RM 600K 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 163 to RM 372 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 105) 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.
