Penang
Timur Laut
Ayer Itam
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

Median Price

RM 730,000

PSF: RM 650

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Commercial PSF Trends

Median Price

RM 730,000

RM 650 PSF

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 730K and a median price per square foot (PSF) of RM 650.

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 730K, with most transactions falling within a stable range of RM 470K to RM 990K, and a typical market range of RM 470K to RM 990K.

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 650, though individual units vary from RM 383 to RM 917 in the core range. The broader market spans RM 490.25 to RM 809.75, indicating diverse property characteristics. A wider spread (IQR: RM 319.50) and deviation (MAD: RM 267) 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.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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