BANDAR BARU AYER ITAM
Commercial Market
Median Price
RM 1,535,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
3-Storey Storey Shop
14 properties
Median Price
RM 1,615,000
+3.3% CAGR
Median PSF
RM 1,026.00
+8.2% CAGR
Shop/Retail Lot
10 properties
Median Price
RM 424,500
-5.3% CAGR
Median PSF
RM 508.50
+9.9% CAGR
Double Storey Shop
1 properties
Median Price
RM 990,000
Median PSF
RM 917.00
Detached Factory
1 properties
Median Price
RM 17,500,000
Median PSF
RM 278.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| 3-Storey Storey Shop | 14 |
RM 1,615,000
±20K MAD
|
+3.35% |
RM 1,026.00
±79 MAD
|
+8.25% | |
| Shop/Retail Lot | 10 |
RM 424,500
±45K MAD
|
-5.29% |
RM 508.50
±47 MAD
|
+9.90% | |
| Double Storey Shop | 1 |
RM 990,000
|
- |
RM 917.00
|
- | |
| Detached Factory | 1 |
RM 17,500,000
|
- |
RM 278.00
|
- |
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.
Filter by type, year, price, and size
Transactions
8 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 280,000
|
RM 542.00
|
517 sqft
|
Dec 2022
|
||
|
RM 230,000
|
RM 449.00
|
512 sqft
|
Sep 2022
|
|
JALAN PAYA TERUBONG
|
RM 1,500,000
|
RM 975.00
|
1,539 sqft
|
May 2022
|
|
|
MEDAN ANGSANA
|
RM 1,480,000
|
RM 962.00
|
1,539 sqft
|
Apr 2022
|
|
LINTANG ANGSANA
|
RM 1,660,000
|
RM 907.00
|
1,830 sqft
|
Jan 2022
|
|
MEDAN ANGSANA 4
|
RM 1,800,000
|
RM 924.00
|
1,948 sqft
|
Nov 2022
|
|
LINTANG ANGSANA
|
RM 1,570,000
|
RM 772.00
|
2,034 sqft
|
Jun 2022
|
|
MEDAN ANGSANA 4
|
RM 2,850,000
|
RM 1,063.00
|
2,680 sqft
|
Nov 2022
|