Area Intelligence

BANDAR BARU AIR ITAM-SRI IVORI

4 properties
2024
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Median Price
RM 295,000
PSF: RM 422

Residential Market

Median Price

RM 295,000

IQR: RM 65
MAD: RM 29
RM 422 PSF 3.6%

PSF Trends (2021-2025)

BANDAR BARU AIR ITAM-SRI IVORI in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 295K and a median price per square foot (PSF) of RM 422.

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 295K, with most transactions falling within a stable range of RM 287K to RM 300K, and a typical market range of RM 280K to RM 300K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 422, with most transactions between RM 409 and RM 434. The usual range is RM 389.00 to RM 454.00, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 12, 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.

Area Location

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BANDAR BARU AIR ITAM-SRI IVORI, Timur Laut, Penang

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Transactions

4 properties grouped by size

700 sqft
4 units Flat
RM 280,000
700 sqft · RM 400.00 PSF
Sep 2024
RM 300,000
700 sqft · RM 429.00 PSF
Aug 2024
RM 300,000
700 sqft · RM 429.00 PSF
Jun 2024
RM 290,000
700 sqft · RM 414.00 PSF
Feb 2024