Penang
Timur Laut
13
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

2023

Median Price

RM 1,515,000

PSF: RM 905

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Commercial PSF Trends

Median Price

RM 1,515,000

RM 905 PSF

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 1.52 million and a median price per square foot (PSF) of RM 905.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.52 million, with most transactions falling within a stable range of RM 1.42 million to RM 480K, and a typical market range of RM 911K to RM 480K.

Most transactions involved shop unit/retail lot4, though some variety exists in the market.

For price per square foot, the median is RM 905, with most transactions between RM 833 and RM 977. The usual range is RM 706.75 to RM 1,103.25, showing that most units are priced quite close to each other. With an IQR of RM 396.50 and MAD of RM 72, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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