Bandar Baru Ayer Itam

Farlim, Air Itam, Penang, Malaysia

Property Transactions

2 subsales grouped by size

Price Size
Period
transactions middle 50% (P25–P75)
1,700 sqft
2-Sty Shop
RM970,000
Jalan Air Itam
1,701 sqft · RM570 PSF
3,650 sqft
2-Sty Shop
RM990,000
Jalan Ayer Putih
3,670 sqft · RM270 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM980,000

RM420 psf

Median transaction price

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Farlim, Air Itam, Penang, Malaysia

Maps

Bandar Baru Ayer Itam in Timur Laut, Penang recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2026, with a median price of RM980K and a median price per square foot (PSF) of RM420.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM980K, with most transactions falling within a stable range of RM970K to RM990K, and a typical market range of RM970K to RM990K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM420, though individual units vary from RM270 to RM570 in the core range. The broader market spans RM254.11 to RM585.61, indicating diverse property characteristics. A wider spread (IQR: RM331.50) and deviation (MAD: RM150) indicate significant PSF variations, likely due to diverse property types or conditions.

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.