Bayan City / Elite Height
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM1,400,000
|
RM551
|
2,540 sqft
|
|
|
|
Level 3
|
RM950,000
|
RM374
|
2,540 sqft
|
|
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PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
CommercialRM865,000
RM517 psfMedian transaction price
5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBayan City / Elite Height in Barat Daya, Penang recorded 6 Office Lot properties subsale transactions between 2021 and 2026, with a median price of RM865K and a median price per square foot (PSF) of RM517.
This area contains both residential and commercial properties. View 51 residential properties or 7 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM865K, with most transactions falling within a stable range of RM540K to RM1.19 million, and a typical market range of RM823K to RM907K.
Within the Office Lot category, serviced apartment dominated the market, though some variety exists in the market.
The median PSF stands at RM517, with core pricing between RM420 and RM614. Market pricing typically extends from RM476.41 to RM557.17, reflecting moderate variation in unit pricing. The spread of RM80.75 (IQR) and deviation of RM97 (MAD) suggest moderate price variations reflecting different property features.
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.