Bandar Baru Air Itam

Farlim, Air Itam, Penang, Malaysia

Property Transactions

80 subsales grouped by size · LC Flat →

Median
RM 148,000
PSF
RM 269
Price Size
Period
transactions middle 50% (P25–P75)
500 sqft
LC Flat
RM 135,000
Level 14
517 sqft · RM 261 PSF
RM 120,000
Level 15
512 sqft · RM 234 PSF
RM 130,000
Level 15
512 sqft · RM 254 PSF
RM 120,000
Level 6
517 sqft · RM 232 PSF
RM 100,000
Level 16
512 sqft · RM 195 PSF
RM 128,000
Level 11
517 sqft · RM 248 PSF
550 sqft
LC Flat
RM 140,000
Level 13
530 sqft · RM 264 PSF
600 sqft
LC Flat
RM 149,000
Level 14
611 sqft · RM 244 PSF
RM 145,000
Level 15
611 sqft · RM 237 PSF
RM 175,000
Level 7
614 sqft · RM 285 PSF
RM 150,000
Level 6
614 sqft · RM 244 PSF
RM 150,000
Level 16
611 sqft · RM 245 PSF
RM 155,000
Level 16
609 sqft · RM 254 PSF
650 sqft
Flat
RM 218,000
Level 13
667 sqft · RM 327 PSF
80
transactions

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Market Snapshot

Residential

RM 148,000

RM 269 psf

Median transaction price

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Farlim, Air Itam, Penang, Malaysia

Maps

Bandar Baru Air Itam in Timur Laut, Penang recorded 80 subsale transactions in 2022, with a median price of RM 148K and a median price per square foot (PSF) of RM 269.

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 148K, with most transactions falling within a stable range of RM 82K to RM 419K, and a typical market range of RM 92K to RM 204K.

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

Price per square foot shows a median of RM 269, though individual units vary from RM 153 to RM 384 in the core range. The broader market spans RM 225.17 to RM 312.17, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 115) indicate significant PSF variations, likely due to diverse property types or conditions.

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.