BANDAR BARU AIR ITAM

BANDAR BARU AIR ITAM in Timur Laut, Penang recorded 7 Cluster House properties subsale transactions between 2021 and 2025 for cluster house properties, with a median price of RM 300K and a median price per square foot (PSF) of RM 435.

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 300K, with most transactions falling within a stable range of RM 251K to RM 349K, and a typical market range of RM 245K to RM 350K.

Within the Cluster House category, low-cost flat dominated the market, with high diversity across multiple property types.

The median PSF stands at RM 435, with core pricing between RM 365 and RM 505. Market pricing typically extends from RM 393.00 to RM 477.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 70 (MAD) suggest moderate price variations reflecting different property features.

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.