Bayan Megamall/ Bay Avenue
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
| LIST.MY · Bayan Megamall/ Bay Avenue | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2022 | |||||
|
Level 1
|
RM1,850,000
|
RM1,621
|
1,141 sqft
|
|
Shop |
|
Level 2
|
RM1,000,000
|
RM715
|
1,399 sqft
|
|
Shop |
|
Level 3
|
RM1,000,000
|
RM715
|
1,399 sqft
|
|
Shop |
|
Level 1
|
RM845,000
|
RM643
|
1,313 sqft
|
|
Shop |
|
Level 2
|
RM845,000
|
RM643
|
1,313 sqft
|
|
Shop |
Selling in Bayan Megamall/ Bay Avenue? Homes here sold for a median of RM1,000,000.
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Bayan Megamall/ Bay Avenue
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in 12
Market Snapshot
CommercialRM1,000,000
RM715 psfMedian transaction price
Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia
MapsBayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 5 subsale transactions in 2022, with a median price of RM1.00 million and a median price per square foot (PSF) of RM715.
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 RM1.00 million, with most transactions falling within a stable range of RM845K to RM1.38 million, and a typical market range of RM845K to RM1.32 million.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
Price per square foot shows a median of RM715, though individual units vary from RM336 to RM1,093 in the core range. The broader market spans RM426.89 to RM1,002.39, indicating diverse property characteristics. A wider spread (IQR: RM575.50) and deviation (MAD: RM378) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.