BANDAR BARU AYER ITAM

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 1.32 million to RM 1.71 million, and a typical market range of RM 1.18 million to RM 1.78 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 688 to RM 1,122 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 217 (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.