Bayan City / Elite Height

5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM865,000
PSF
RM517
Price Size
Period
transactions middle 50% (P25–P75)
900 sqft
Office
RM465,000
Level 3
883 sqft · RM527 PSF
1,350 sqft
Office
RM650,000
Level 3
1,335 sqft · RM487 PSF
1,550 sqft
Office
RM780,000
Level 3
1,539 sqft · RM507 PSF
1,750 sqft
Office
RM1,240,000
Level 1
1,765 sqft · RM702 PSF
2,550 sqft
Office
RM1,400,000
Level 2
2,540 sqft · RM551 PSF
RM950,000
Level 3
2,540 sqft · RM374 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM865,000

RM517 psf

Median transaction price

Bayan City / Elite Height
© OpenStreetMap · CARTO

5, Lorong Semarak Api 1, Bandar Baru Air Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia

Maps

Bayan 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.