Penang
Timur Laut
13
BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM

Area Intelligence

2023

Median Price

RM 878,000

PSF: RM 570

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Residential PSF Trends

Median Price

RM 878,000

PSF: RM 570

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 878K and a median price per square foot (PSF) of RM 570.

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 878K, with most transactions falling within a stable range of RM 780K to RM 1.06 million, and a typical market range of RM 823K to RM 933K.

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

For price per square foot, the median is RM 570, with most transactions between RM 520 and RM 620. The usual range is RM 528.00 to RM 612.00, showing that most units are priced quite close to each other. With an IQR of RM 84.00 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU AIR ITAM, Timur Laut, Penang

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