Bayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 3 Office Lot properties subsale transactions between 2021 and 2026, with a median price of RM800K and a median price per square foot (PSF) of RM572.

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 RM800K, with most transactions falling within a stable range of RM753K to RM800K, and a typical market range of RM700K to RM800K.

Within the Office Lot category, shop unit/retail lot dominated the market, though some variety exists in the market.

For price per square foot, the median is RM572, with most transactions between RM525 and RM619. The usual range is RM283.96 to RM859.46, showing that most units are priced quite close to each other. With an IQR of RM575.50 and MAD of RM47, the PSF demonstrates reasonable consistency across the market.

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.