Penang
Timur Laut
13
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

2022

Median Price

RM 1,535,000

PSF: RM 916

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Commercial PSF Trends

Median Price

RM 1,535,000

RM 916 PSF

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 1.54 million and a median price per square foot (PSF) of RM 916.

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 1.54 million, with most transactions falling within a stable range of RM 745K to RM 2.33 million, and a typical market range of RM 931K to RM 2.14 million.

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

Price per square foot shows a median of RM 916, though individual units vary from RM 710 to RM 1,121 in the core range. The broader market spans RM 717.25 to RM 1,113.75, indicating diverse property characteristics. The spread of RM 396.50 (IQR) and deviation of RM 206 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

OSM

Track location

Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 280,000

Level 1

517 sqft • RM 542.00 PSF

Dec 2022

RM 1,800,000

MEDAN ANGSANA 4

1,948 sqft • RM 924.00 PSF

Nov 2022

RM 2,850,000

MEDAN ANGSANA 4

2,680 sqft • RM 1,063.00 PSF

Nov 2022

RM 230,000

Level 1

512 sqft • RM 449.00 PSF

Sep 2022

RM 1,570,000

LINTANG ANGSANA

2,034 sqft • RM 772.00 PSF

Jun 2022

RM 1,500,000

JALAN PAYA TERUBONG

1,539 sqft • RM 975.00 PSF

May 2022

RM 1,480,000

MEDAN ANGSANA

1,539 sqft • RM 962.00 PSF

Apr 2022

RM 1,660,000

LINTANG ANGSANA

1,830 sqft • RM 907.00 PSF

Jan 2022

Road	Price	Land PSF	Land	Date	Type
Level 1	RM 280,000	RM 542.00	517 sqft	Dec 2022	Shop/Retail Lot
MEDAN ANGSANA 4	RM 1,800,000	RM 924.00	1,948 sqft	Nov 2022	3-Storey Shop
MEDAN ANGSANA 4	RM 2,850,000	RM 1,063.00	2,680 sqft	Nov 2022	3-Storey Shop
Level 1	RM 230,000	RM 449.00	512 sqft	Sep 2022	Shop/Retail Lot
LINTANG ANGSANA	RM 1,570,000	RM 772.00	2,034 sqft	Jun 2022	3-Storey Shop
JALAN PAYA TERUBONG	RM 1,500,000	RM 975.00	1,539 sqft	May 2022	3-Storey Shop
MEDAN ANGSANA	RM 1,480,000	RM 962.00	1,539 sqft	Apr 2022	3-Storey Shop
LINTANG ANGSANA	RM 1,660,000	RM 907.00	1,830 sqft	Jan 2022	3-Storey Shop