Bandar Baru Ayer Itam in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM459K and a median price per square foot (PSF) of RM475.

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 RM459K, with most transactions falling within a stable range of RM138K to RM780K, and a typical market range of RM138K to RM780K.

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

Price per square foot shows a median of RM475, though individual units vary from RM303 to RM647 in the core range. The broader market spans RM276.58 to RM673.08, indicating diverse property characteristics. A wider spread (IQR: RM396.50) and deviation (MAD: RM172) indicate significant PSF variations, likely due to diverse property types or conditions.

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.