Penang
Timur Laut
Ayer Itam
JALAN AIR ITAM

JALAN AIR ITAM

Area Intelligence

2021

Median Price

RM 1,200,000

PSF: RM 261

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Residential PSF Trends

Median Price

RM 1,200,000

PSF: RM 261

JALAN AIR ITAM in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 1.20 million and a median price per square foot (PSF) of RM 261.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.20 million, with most transactions falling within a stable range of RM 1.15 million to RM 1.25 million, and a typical market range of RM 1.15 million to RM 1.25 million.

Most transactions involved detached, with high diversity across multiple property types.

The median PSF stands at RM 261, with core pricing between RM 233 and RM 288. Market pricing typically extends from RM 179.50 to RM 341.50, reflecting moderate variation in unit pricing. With an IQR of RM 162.00 and MAD of RM 28, 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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JALAN AIR ITAM, Timur Laut, Penang

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