Penang
Timur Laut
Ayer Itam
BANDAR BARU AYER ITAM

BANDAR BARU AYER ITAM

Area Intelligence

2024

Median Price

RM 990,000

PSF: RM 917

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Commercial PSF Trends

Median Price

RM 990,000

RM 917 PSF

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.

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

For price per square foot, the median is RM 917, with most transactions between RM 917 and RM 917. The usual range is RM 757.25 to RM 1,076.75, showing that most units are priced quite close to each other. With an IQR of RM 319.50 and MAD of RM 0, 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.

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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