|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Medan Angsana 4
|
RM 1,800,000
|
RM 330
|
5,447 sqft
|
|
3-Sty Shop |
|
Medan Angsana 4
|
RM 2,850,000
|
RM 523
|
5,447 sqft
|
|
3-Sty Shop |
Auction Properties
2 auction properties in Bandar Baru Ayer Itam
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Market Snapshot
CommercialRM 2,325,000
RM 427 psfMedian transaction price
Bandar Baru Ayer Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBandar Baru Ayer Itam in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 5,425 and 5,474 sqft, with a median price of RM 2.33 million and a median price per square foot (PSF) of RM 427.
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 2.33 million, with most transactions falling within a stable range of RM 1.80 million to RM 2.85 million, and a typical market range of RM 1.80 million to RM 2.85 million.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 427, though individual units vary from RM 330 to RM 523 in the core range. The broader market spans RM 228.63 to RM 625.13, indicating diverse property characteristics. The spread of RM 396.50 (IQR) and deviation of RM 96 (MAD) suggest moderate price variations reflecting different property features.
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.