BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 72 subsale transactions in 2023, with a median price of RM 150K and a median price per square foot (PSF) of RM 282.

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 150K, with most transactions falling within a stable range of RM 115K to RM 185K, and a typical market range of RM 95K to RM 205K.

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

The median PSF stands at RM 282, with core pricing between RM 240 and RM 324. Market pricing typically extends from RM 240.00 to RM 324.00, reflecting moderate variation in unit pricing. With an IQR of RM 84.00 and MAD of RM 42, 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.