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 869K to RM 2.16 million, and a typical market range of RM 911K to RM 2.12 million.

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

Price per square foot shows a median of RM 905, though individual units vary from RM 683 to RM 1,127 in the core range. The broader market spans RM 706.75 to RM 1,103.25, indicating diverse property characteristics. The spread of RM 396.50 (IQR) and deviation of RM 222 (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 1,580,000

LINTANG ANGSANA

1,539 sqft • RM 1,026.00 PSF

Nov 2023

RM 1,180,000

Level G

2,271 sqft • RM 520.00 PSF

Nov 2023

RM 2,400,000

LEBUH RAMBAI 11

2,766 sqft • RM 868.00 PSF

Oct 2023

RM 280,000

Level 1

517 sqft • RM 542.00 PSF

Aug 2023

RM 1,595,000

LINTANG ANGSANA

1,539 sqft • RM 1,036.00 PSF

Jul 2023

RM 1,780,000

LINTANG ANGSANA

1,550 sqft • RM 1,148.00 PSF

Jul 2023

RM 480,000

Level 1

700 sqft • RM 686.00 PSF

Jun 2023

RM 1,450,000

JALAN ANGSANA

1,539 sqft • RM 942.00 PSF

Apr 2023

Road	Price	Land PSF	Land	Date	Type
LINTANG ANGSANA	RM 1,580,000	RM 1,026.00	1,539 sqft	Nov 2023	3-Storey Shop
Level G	RM 1,180,000	RM 520.00	2,271 sqft	Nov 2023	Shop/Retail Lot
LEBUH RAMBAI 11	RM 2,400,000	RM 868.00	2,766 sqft	Oct 2023	3-Storey Shop
Level 1	RM 280,000	RM 542.00	517 sqft	Aug 2023	Shop/Retail Lot
LINTANG ANGSANA	RM 1,595,000	RM 1,036.00	1,539 sqft	Jul 2023	3-Storey Shop
LINTANG ANGSANA	RM 1,780,000	RM 1,148.00	1,550 sqft	Jul 2023	3-Storey Shop
Level 1	RM 480,000	RM 686.00	700 sqft	Jun 2023	Shop/Retail Lot
JALAN ANGSANA	RM 1,450,000	RM 942.00	1,539 sqft	Apr 2023	3-Storey Shop