Penang
Timur Laut
13
BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM

Area Intelligence

2022

Median Price

RM 909,000

PSF: RM 280

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Residential PSF Trends

Median Price

RM 909,000

PSF: RM 280

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 909K and a median price per square foot (PSF) of RM 280.

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 909K, with most transactions falling within a stable range of RM 850K to RM 968K, and a typical market range of RM 854K to RM 964K.

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

For price per square foot, the median is RM 280, with most transactions between RM 266 and RM 293. The usual range is RM 237.50 to RM 321.50, showing that most units are priced quite close to each other. With an IQR of RM 84.00 and MAD of RM 14, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU AIR ITAM, Timur Laut, Penang

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