Bandar Baru Ayer Itam

Bandar Baru Ayer Itam in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 980K and a median price per square foot (PSF) of RM 383.

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 980K, with most transactions falling within a stable range of RM 720K to RM 1.24 million, and a typical market range of RM 470K to RM 3.12 million.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 383, though individual units vary from RM 216 to RM 550 in the core range. The broader market spans RM 217.27 to RM 548.77, indicating diverse property characteristics. A wider spread (IQR: RM 331.50) and deviation (MAD: RM 167) indicate significant PSF variations, likely due to diverse property types or conditions.

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.