Bayan Megamall/ Bay Avenue in Barat Daya, Penang recorded 3 subsale transactions in 2021, with a median price of RM850K and a median price per square foot (PSF) of RM607.

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 RM850K to RM1.39 million, and a typical market range of RM850K 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 RM607, though individual units vary from RM67 to RM1,147 in the core range. The broader market spans RM319.69 to RM895.19, indicating diverse property characteristics. A wider spread (IQR: RM575.50) and deviation (MAD: RM540) 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.