BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 990K and a median price per square foot (PSF) of RM 917.
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 990K, with most transactions falling within a stable range of RM 470K to RM 1.51 million, and a typical market range of RM -3,267,500 to RM 5.25 million.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 917, with core pricing between RM 812 and RM 1,022. Market pricing typically extends from RM 757.25 to RM 1,076.75, reflecting moderate variation in unit pricing. With an IQR of RM 319.50 and MAD of RM 105, 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.
