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 885K to RM 1.07 million, and a typical market range of RM 890K to RM 1.06 million.

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

The median PSF stands at RM 709, with core pricing between RM 624 and RM 794. Market pricing typically extends from RM 625.25 to RM 791.75, reflecting moderate variation in unit pricing. With an IQR of RM 166.50 and MAD of RM 85, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN AIR ITAM, Timur Laut, Penang

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