Elit Avenue

3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

1 subsales found

Median
RM950,000
PSF
RM929
Price Size
Period
transactions middle 50% (P25–P75)
RM950,000
Level 1
1,023 sqft RM929 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM950,000

RM929 psf

Median transaction price

Elit Avenue
© OpenStreetMap · CARTO

3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Elit Avenue in Barat Daya, Penang recorded 1 subsale transactions between 2021 and 2026, sized between 975 and 1,024 sqft, with a median price of RM950K and a median price per square foot (PSF) of RM929.

This area contains both residential and commercial properties. View 1 residential properties or 8 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM929, with most transactions between RM929 and RM929. The usual range is RM768.03 to RM1,090.03, showing that most units are priced quite close to each other. With an IQR of RM322.00 and MAD of RM0, 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.