|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 1
|
RM 290,000
|
RM 561
|
517 sqft
|
|
Shop |
| 2023 | |||||
|
Level 1
|
RM 280,000
|
RM 542
|
517 sqft
|
|
Shop |
| 2022 | |||||
|
Level 1
|
RM 280,000
|
RM 542
|
517 sqft
|
|
Shop |
|
Level 1
|
RM 230,000
|
RM 449
|
512 sqft
|
|
Shop |
Auction Properties
2 auction properties in Bandar Baru Ayer Itam
Kopitiam is the corner kopi shop where neighbours lepak, sembang, and catch up..
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Market Snapshot
CommercialRM 280,000
RM 542 psfMedian transaction price
Bandar Baru Ayer Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBandar Baru Ayer Itam in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, sized between 475 and 524 sqft, with a median price of RM 280K and a median price per square foot (PSF) of RM 542.
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 280K, with most transactions falling within a stable range of RM 257K to RM 290K, and a typical market range of RM 230K to RM 290K.
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 542, with most transactions between RM 498 and RM 586. The usual range is RM 343.68 to RM 740.18, showing that most units are priced quite close to each other. With an IQR of RM 396.50 and MAD of RM 44, 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.