Penang
Timur Laut
Ayer Itam
FLAT RIFLE RANGE

Area Intelligence

Ayer Itam, Timur Laut, Penang

FLAT RIFLE RANGE

43 properties

2023

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Median Price

RM 72,000

PSF: RM 186

Residential Market

Median Price

RM 71,000

IQR: RM 29

MAD: RM 15

RM 183 PSF 6.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 130,000

IQR: RM 181

MAD: RM 61

RM 340 PSF 6.2%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Low-Cost Flat

130 properties

Median Price

RM 71,000

+8.7% CAGR

Median PSF

RM 183.00

+8.7% CAGR

Shop/Retail Lot

4 properties

Median Price

RM 130,000

+53.7% CAGR

Median PSF

RM 339.50

+6.2% CAGR

Flat

1 properties

Median Price

RM 80,000

Median PSF

RM 212.00

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Low-Cost Flat	130	RM 71,000 ±4K MAD	+8.68%	RM 183.00 ±8 MAD	+8.69%
Shop/Retail Lot	4	RM 130,000 ±75K MAD	+53.74%	RM 339.50 ±39 MAD	+6.20%
Flat	1	RM 80,000	-	RM 212.00	-

FLAT RIFLE RANGE in Timur Laut, Penang recorded 43 subsale transactions in 2023, with a median price of RM 72K and a median price per square foot (PSF) of RM 186.

This area contains both residential and commercial properties. View 131 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 72K, with most transactions falling within a stable range of RM 54K to RM 90K, and a typical market range of RM 65K to RM 80K.

Most transactions involved low-cost flat, with minimal variety in property types.

Price per square foot shows a median of RM 186, though individual units vary from RM 142 to RM 230 in the core range. The broader market spans RM 170.25 to RM 201.75, indicating diverse property characteristics. The spread of RM 31.50 (IQR) and deviation of RM 44 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.

Area Location

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FLAT RIFLE RANGE, Timur Laut, Penang

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Property Type

All Types Flat Low-Cost Flat Shop/Retail Lot

Year

All Years 2025 2024 2023 2022 2021

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Transactions

43 properties found

View:

Grouped Individual

Low-Cost Flat

RM 62,000

377 sqft Dec 2023

RM 165.00 PSF

Low-Cost Flat

RM 85,000

454 sqft Nov 2023

RM 187.00 PSF

Low-Cost Flat

RM 60,000

441 sqft Nov 2023

RM 136.00 PSF

Low-Cost Flat

RM 90,000

377 sqft Nov 2023

RM 239.00 PSF

Low-Cost Flat

RM 80,000

377 sqft Nov 2023

RM 212.00 PSF

Low-Cost Flat

RM 69,000

377 sqft Nov 2023

RM 183.00 PSF

Low-Cost Flat

RM 80,000

377 sqft Nov 2023

RM 212.00 PSF

Low-Cost Flat

RM 53,000

377 sqft Oct 2023

RM 141.00 PSF

Low-Cost Flat

RM 75,000

377 sqft Oct 2023

RM 199.00 PSF

Low-Cost Flat

RM 74,000

441 sqft Sep 2023

RM 168.00 PSF

Low-Cost Flat

RM 100,000

441 sqft Sep 2023

RM 227.00 PSF

Low-Cost Flat

RM 58,000

377 sqft Sep 2023

RM 154.00 PSF

Low-Cost Flat

RM 70,000

377 sqft Sep 2023

RM 186.00 PSF

Low-Cost Flat

RM 88,000

377 sqft Sep 2023

RM 234.00 PSF

Low-Cost Flat

RM 66,000

377 sqft Aug 2023

RM 175.00 PSF

Low-Cost Flat

RM 68,000

377 sqft Aug 2023

RM 180.00 PSF

Low-Cost Flat

RM 85,000

377 sqft Aug 2023

RM 226.00 PSF

Low-Cost Flat

RM 69,000

377 sqft Aug 2023

RM 183.00 PSF

Low-Cost Flat

RM 64,000

377 sqft Aug 2023

RM 170.00 PSF

Low-Cost Flat

RM 75,000

377 sqft Aug 2023

RM 199.00 PSF

Low-Cost Flat

RM 85,000

441 sqft Aug 2023

RM 193.00 PSF

Low-Cost Flat

RM 85,000

441 sqft Aug 2023

RM 193.00 PSF

Low-Cost Flat

RM 113,000

441 sqft Aug 2023

RM 256.00 PSF

Low-Cost Flat

RM 92,000

377 sqft Jul 2023

RM 244.00 PSF

Low-Cost Flat

RM 65,000

377 sqft Jul 2023

RM 173.00 PSF

Low-Cost Flat

RM 50,000

377 sqft Jul 2023

RM 133.00 PSF

Low-Cost Flat

RM 80,000

441 sqft Jul 2023

RM 181.00 PSF

Low-Cost Flat

RM 75,000

452 sqft Jul 2023

RM 166.00 PSF

Shop/Retail Lot

RM 155,000

388 sqft Jun 2023

RM 400.00 PSF

Low-Cost Flat

RM 65,000

377 sqft Jun 2023

RM 173.00 PSF

Low-Cost Flat

RM 71,000

377 sqft May 2023

RM 188.00 PSF

Low-Cost Flat

RM 60,000

377 sqft May 2023

RM 159.00 PSF

Low-Cost Flat

RM 79,000

377 sqft May 2023

RM 210.00 PSF

Low-Cost Flat

RM 76,000

377 sqft May 2023

RM 202.00 PSF

Low-Cost Flat

RM 57,000

377 sqft Mar 2023

RM 151.00 PSF

Low-Cost Flat

RM 72,000

377 sqft Mar 2023

RM 191.00 PSF

Low-Cost Flat

RM 66,000

377 sqft Mar 2023

RM 175.00 PSF

Low-Cost Flat

RM 65,000

377 sqft Feb 2023

RM 173.00 PSF

Low-Cost Flat

RM 70,000

377 sqft Feb 2023

RM 186.00 PSF

Low-Cost Flat

RM 73,000

377 sqft Feb 2023

RM 194.00 PSF

Low-Cost Flat

RM 66,000

377 sqft Feb 2023

RM 175.00 PSF

Shop/Retail Lot

RM 105,000

377 sqft Feb 2023

RM 279.00 PSF

Low-Cost Flat

RM 67,000

377 sqft Jan 2023

RM 178.00 PSF

Type	Price	PSF	Area	Date
Low-Cost Flat	RM 62,000	RM 165.00	377 sqft	Dec 2023
Low-Cost Flat	RM 85,000	RM 187.00	454 sqft	Nov 2023
Low-Cost Flat	RM 60,000	RM 136.00	441 sqft	Nov 2023
Low-Cost Flat	RM 90,000	RM 239.00	377 sqft	Nov 2023
Low-Cost Flat	RM 80,000	RM 212.00	377 sqft	Nov 2023
Low-Cost Flat	RM 69,000	RM 183.00	377 sqft	Nov 2023
Low-Cost Flat	RM 80,000	RM 212.00	377 sqft	Nov 2023
Low-Cost Flat	RM 53,000	RM 141.00	377 sqft	Oct 2023
Low-Cost Flat	RM 75,000	RM 199.00	377 sqft	Oct 2023
Low-Cost Flat	RM 74,000	RM 168.00	441 sqft	Sep 2023
Low-Cost Flat	RM 100,000	RM 227.00	441 sqft	Sep 2023
Low-Cost Flat	RM 58,000	RM 154.00	377 sqft	Sep 2023
Low-Cost Flat	RM 70,000	RM 186.00	377 sqft	Sep 2023
Low-Cost Flat	RM 88,000	RM 234.00	377 sqft	Sep 2023
Low-Cost Flat	RM 66,000	RM 175.00	377 sqft	Aug 2023
Low-Cost Flat	RM 68,000	RM 180.00	377 sqft	Aug 2023
Low-Cost Flat	RM 85,000	RM 226.00	377 sqft	Aug 2023
Low-Cost Flat	RM 69,000	RM 183.00	377 sqft	Aug 2023
Low-Cost Flat	RM 64,000	RM 170.00	377 sqft	Aug 2023
Low-Cost Flat	RM 75,000	RM 199.00	377 sqft	Aug 2023
Low-Cost Flat	RM 85,000	RM 193.00	441 sqft	Aug 2023
Low-Cost Flat	RM 85,000	RM 193.00	441 sqft	Aug 2023
Low-Cost Flat	RM 113,000	RM 256.00	441 sqft	Aug 2023
Low-Cost Flat	RM 92,000	RM 244.00	377 sqft	Jul 2023
Low-Cost Flat	RM 65,000	RM 173.00	377 sqft	Jul 2023
Low-Cost Flat	RM 50,000	RM 133.00	377 sqft	Jul 2023
Low-Cost Flat	RM 80,000	RM 181.00	441 sqft	Jul 2023
Low-Cost Flat	RM 75,000	RM 166.00	452 sqft	Jul 2023
Shop/Retail Lot	RM 155,000	RM 400.00	388 sqft	Jun 2023
Low-Cost Flat	RM 65,000	RM 173.00	377 sqft	Jun 2023
Low-Cost Flat	RM 71,000	RM 188.00	377 sqft	May 2023
Low-Cost Flat	RM 60,000	RM 159.00	377 sqft	May 2023
Low-Cost Flat	RM 79,000	RM 210.00	377 sqft	May 2023
Low-Cost Flat	RM 76,000	RM 202.00	377 sqft	May 2023
Low-Cost Flat	RM 57,000	RM 151.00	377 sqft	Mar 2023
Low-Cost Flat	RM 72,000	RM 191.00	377 sqft	Mar 2023
Low-Cost Flat	RM 66,000	RM 175.00	377 sqft	Mar 2023
Low-Cost Flat	RM 65,000	RM 173.00	377 sqft	Feb 2023
Low-Cost Flat	RM 70,000	RM 186.00	377 sqft	Feb 2023
Low-Cost Flat	RM 73,000	RM 194.00	377 sqft	Feb 2023
Low-Cost Flat	RM 66,000	RM 175.00	377 sqft	Feb 2023
Shop/Retail Lot	RM 105,000	RM 279.00	377 sqft	Feb 2023
Low-Cost Flat	RM 67,000	RM 178.00	377 sqft	Jan 2023