BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 14 3-Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey shop properties, with a median price of RM 1.63 million and a median price per square foot (PSF) of RM 969.

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 1.63 million, with most transactions falling within a stable range of RM 1.45 million to RM 2.01 million, and a typical market range of RM 1.45 million to RM 2.23 million.

Within the 3-Storey Shop category, shop unit/retail lot4 dominated the market, though some variety exists in the market.

The median PSF stands at RM 969, with core pricing between RM 864 and RM 1,073. Market pricing typically extends from RM 770.25 to RM 1,166.75, reflecting moderate variation in unit pricing. With an IQR of RM 396.50 and MAD of RM 104, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.