Bandar Baru Ayer Itam

11500 Ayer Itam, Pulau Pinang, Malaysia

Property Transactions

2 subsales grouped by size

Price Size
Period
transactions middle 50% (P25–P75)
700 sqft
Shop
RM490,000
Level 1
700 sqft · RM700 PSF
RM480,000
Level 1
700 sqft · RM686 PSF
Legend Recent Highest Price Highest PSF

Selling in Bandar Baru Ayer Itam? Homes here sold for a median of RM485,000.

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Market Snapshot

Commercial

RM485,000

RM693 psf

Median transaction price

Bandar Baru Ayer Itam
© OpenStreetMap · CARTO

Bandar Baru Ayer Itam, 11500 Ayer Itam, Pulau Pinang, Malaysia

Maps

Bandar Baru Ayer Itam in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 675 and 724 sqft, with a median price of RM485K and a median price per square foot (PSF) of RM693.

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 RM485K, with most transactions falling within a stable range of RM480K to RM490K, and a typical market range of RM480K to RM490K.

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

For price per square foot, the median is RM693, with most transactions between RM686 and RM700. The usual range is RM494.95 to RM891.45, showing that most units are priced quite close to each other. With an IQR of RM396.50 and MAD of RM7, the PSF demonstrates reasonable consistency across the market.

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.