Penang
Timur Laut
13
BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM

Area Intelligence

2023

Median Price

RM 160,000

PSF: RM 285

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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.

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

For price per square foot, the median is RM 285, with most transactions between RM 285 and RM 285. The usual range is RM 243.00 to RM 327.00, showing that most units are priced quite close to each other. With an IQR of RM 84.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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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