Area Intelligence

BANDAR BARU AYER ITAM

1 properties
Double Storey Shop
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Median Price
RM 990,000
PSF: RM 917

Commercial Market

Median Price

RM 990,000

IQR: RM 267
MAD: RM 267
RM 917 PSF 54.7%

PSF Trends (2021-2025)

BANDAR BARU AYER ITAM in Timur Laut, Penang recorded 1 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 990K and a median price per square foot (PSF) of RM 917.

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

Price remained flat, and PSF growth was PSF remained flat.

Within the Double Storey Shop category, detached factory/warehouse dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 917, with most transactions between RM 917 and RM 917. The usual range is RM 757.25 to RM 1,076.75, showing that most units are priced quite close to each other. With an IQR of RM 319.50 and MAD of RM 0, 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.

Area Location

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BANDAR BARU AYER ITAM, Timur Laut, Penang

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Transactions

1 properties grouped by size

1,100 sqft
1 units Double Storey Shop
RM 990,000
JALAN AYER PUTIH
1,080 sqft · RM 917.00 PSF
Oct 2024