Elit Avenue
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
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Elit Avenue
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
CommercialRM1,350,000
RM957 psfMedian transaction price
3, Jalan Mayang Pasir, Bandar Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsElit Avenue in Barat Daya, Penang recorded 1 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM1.35 million and a median price per square foot (PSF) of RM957.
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 RM957, with most transactions between RM957 and RM957. The usual range is RM796.40 to RM1,118.40, 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.