Penang
Timur Laut
13
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

2021

Median Price

RM 459,000

PSF: RM 475

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Commercial PSF Trends

Median Price

RM 459,000

RM 475 PSF

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 459K and a median price per square foot (PSF) of RM 475.

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

For price per square foot, the median is RM 475, with most transactions between RM 475 and RM 475. The usual range is RM 276.75 to RM 673.25, 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.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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