BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 1 subsale transactions between 2021 and 2025, with a median price of RM 17.50 million and a median price per square foot (PSF) of RM 278.
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 17.50 million, with most transactions falling within a stable range of RM 16.98 million to RM 18.02 million, and a typical market range of RM 13.24 million to RM 21.76 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 278, though individual units vary from RM 173 to RM 383 in the core range. The broader market spans RM 118.25 to RM 437.75, indicating diverse property characteristics. A wider spread (IQR: RM 319.50) and deviation (MAD: RM 105) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
