Penang
Timur Laut
Georgetown
JALAN AIR ITAM

JALAN AIR ITAM

Area Intelligence

2023

Median Price

RM 975,000

PSF: RM 709

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Residential PSF Trends

Median Price

RM 975,000

PSF: RM 709

JALAN AIR ITAM in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 975K and a median price per square foot (PSF) of RM 709.

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 975K, with most transactions falling within a stable range of RM 1.02 million to RM 1.24 million, and a typical market range of RM 1.02 million to RM 1.06 million.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 709, though individual units vary from RM 526 to RM 892 in the core range. The broader market spans RM 625.25 to RM 791.75, indicating diverse property characteristics. A wider spread (IQR: RM 166.50) and deviation (MAD: RM 183) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN AIR ITAM, Timur Laut, Penang

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