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
CommercialRM3,000,000
RM1,072 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 2,775 and 2,824 sqft, with a median price of RM3.00 million and a median price per square foot (PSF) of RM1,072.
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 RM1,072, with most transactions between RM1,072 and RM1,072. The usual range is RM910.96 to RM1,232.96, 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.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.