Bayan Megamall/ Bay Avenue

Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

8 subsales found

Median
RM850,000
PSF
RM593

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
RM800,000
Level 2
1,302 sqft RM614 PSF
RM1,700,000
Level G
1,259 sqft RM1,350 PSF
RM1,500,000
Level 1
1,313 sqft RM1,142 PSF
RM900,000
Level 2
1,625 sqft RM554 PSF
RM800,000
Level 3
1,625 sqft RM492 PSF
RM800,000
Level 2
1,399 sqft RM572 PSF
RM700,000
Level 3
1,399 sqft RM500 PSF
RM1,500,000
Level 1
1,130 sqft RM1,327 PSF
Legend Recent Highest Price Highest PSF

Selling in Bayan Megamall/ Bay Avenue? Homes here sold for a median of RM850,000.

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Market Snapshot

Commercial

RM850,000

RM593 psf

Median transaction price

Bayan Megamall/ Bay Avenue
© OpenStreetMap · CARTO

Bay Avenue, Bayan Lepas, Pulau Pinang, Malaysia

Maps

Bayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 8 subsale transactions in 2024, with a median price of RM850K and a median price per square foot (PSF) of RM593.

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 RM850K, with most transactions falling within a stable range of RM700K to RM1.23 million, and a typical market range of RM700K to RM1.17 million.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

Price per square foot shows a median of RM593, though individual units vary from RM235 to RM951 in the core range. The broader market spans RM305.22 to RM880.72, indicating diverse property characteristics. A wider spread (IQR: RM575.50) and deviation (MAD: RM358) 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.