BANDAR BARU AIR ITAM-DESA MAWAR

2 properties

2021

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Median Price

RM 156,500

PSF: RM 291

Residential Market

Median Price

RM 156,500

IQR: RM 50

MAD: RM 28

RM 291 PSF 3.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Low-Cost Flat

41 properties

Median Price

RM 165,000

-1.1% CAGR

Median PSF

RM 307.00

-1.0% CAGR

Flat

6 properties

Median Price

RM 184,000

+4.4% CAGR

Median PSF

RM 341.50

+4.5% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Low-Cost Flat	41	RM 165,000 ±5K MAD	-1.05%	RM 307.00 ±9 MAD	-1.05%
Flat	6	RM 184,000 ±4K MAD	+4.44%	RM 341.50 ±8 MAD	+4.49%

BANDAR BARU AIR ITAM-DESA MAWAR in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 157K and a median price per square foot (PSF) of RM 291.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 157K, with most transactions falling within a stable range of RM 130K to RM 183K, and a typical market range of RM 143K to RM 170K.

Most transactions involved low-cost flat, though some variety exists in the market.

The median PSF stands at RM 291, with core pricing between RM 242 and RM 340. Market pricing typically extends from RM 266.25 to RM 315.75, reflecting moderate variation in unit pricing. The spread of RM 49.50 (IQR) and deviation of RM 49 (MAD) suggest moderate price variations reflecting different property features.

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.