Auction Properties
2 auction properties in Bandar Baru Ayer Itam
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Market Snapshot
CommercialRM 780,000
RM 647 psfMedian transaction price
Bandar Baru Ayer Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBandar Baru Ayer Itam in Timur Laut, Penang recorded 1 subsale transactions between 2021 and 2026, sized between 1,175 and 1,224 sqft, with a median price of RM 780K and a median price per square foot (PSF) of RM 647.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 647, with most transactions between RM 647 and RM 647. The usual range is RM 448.75 to RM 845.25, showing that most units are priced quite close to each other. With an IQR of RM 396.50 and MAD of RM 0, 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. Limited transaction history suggests carefully evaluating comparable sales data.