JALAN AIR ITAM

JALAN AIR ITAM in Timur Laut, Penang recorded 3 subsale transactions in 2024, priced between RM 750K and RM 2.00 million, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 654.

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 1.10 million, with most transactions falling within a stable range of RM 868K to RM 1.41 million, and a typical market range of RM 868K to RM 1.47 million.

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

The median PSF stands at RM 654, with core pricing between RM 533 and RM 774. Market pricing typically extends from RM 572.68 to RM 734.68, reflecting moderate variation in unit pricing. The spread of RM 162.00 (IQR) and deviation of RM 120 (MAD) suggest moderate price variations reflecting different property features.

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.