BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 66 subsale transactions in 2022, with a median price of RM 139K and a median price per square foot (PSF) of RM 261.

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 139K, with most transactions falling within a stable range of RM 104K to RM 174K, and a typical market range of RM 84K to RM 194K.

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

The median PSF stands at RM 261, with core pricing between RM 219 and RM 303. Market pricing typically extends from RM 219.00 to RM 303.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 42 (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.