Area Intelligence

BANDAR BARU AYER ITAM

8 properties
2022
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Median Price
RM 1,535,000
PSF: RM 916

Commercial Market

Median Price

RM 1,535,000

IQR: RM 397
MAD: RM 198
RM 916 PSF 26.2%

PSF Trends (2021-2025)

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 1.54 million and a median price per square foot (PSF) of RM 916.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.54 million, with most transactions falling within a stable range of RM 745K to RM 2.33 million, and a typical market range of RM 931K to RM 2.14 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 916, though individual units vary from RM 710 to RM 1,121 in the core range. The broader market spans RM 717.25 to RM 1,113.75, indicating diverse property characteristics. The spread of RM 396.50 (IQR) and deviation of RM 206 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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Transactions

8 properties found

Shop/Retail Lot
RM 280,000
517 sqft Dec 2022
RM 542.00 PSF
3-Storey Storey Shop MEDAN ANGSANA 4
RM 1,800,000
1,948 sqft Nov 2022
RM 924.00 PSF
3-Storey Storey Shop MEDAN ANGSANA 4
RM 2,850,000
2,680 sqft Nov 2022
RM 1,063.00 PSF
Shop/Retail Lot
RM 230,000
512 sqft Sep 2022
RM 449.00 PSF
3-Storey Storey Shop LINTANG ANGSANA
RM 1,570,000
2,034 sqft Jun 2022
RM 772.00 PSF
3-Storey Storey Shop JALAN PAYA TERUBONG
RM 1,500,000
1,539 sqft May 2022
RM 975.00 PSF
3-Storey Storey Shop MEDAN ANGSANA
RM 1,480,000
1,539 sqft Apr 2022
RM 962.00 PSF
3-Storey Storey Shop LINTANG ANGSANA
RM 1,660,000
1,830 sqft Jan 2022
RM 907.00 PSF