Area Intelligence

JLN AIR ITAM

4 properties
2022
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Median Price
RM 2,365,000
PSF: RM 402

Residential Market

Median Price

RM 2,365,000

IQR: RM 190
MAD: RM 126
RM 402 PSF 23.3%

PSF Trends (2021-2025)

JLN AIR ITAM in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 2.37 million and a median price per square foot (PSF) of RM 402.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.37 million, with most transactions falling within a stable range of RM 1.02 million to RM 3.80 million, and a typical market range of RM 2.07 million to RM 2.66 million.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 402, though individual units vary from RM 126 to RM 678 in the core range. The broader market spans RM 313.25 to RM 490.75, indicating diverse property characteristics. A wider spread (IQR: RM 177.50) and deviation (MAD: RM 276) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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JLN AIR ITAM, Timur Laut, Penang

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Transactions

4 properties grouped by size

1,400 sqft
1 units Double Storey Terraced
RM 1,400,000
JALAN SATU
1,421 sqft · RM 985.00 PSF
May 2022
2,450 sqft
1 units Double Storey Terraced
RM 1,020,000
JALAN POKOK SAGA
2,467 sqft · RM 413.00 PSF
Feb 2022
8,500 sqft
1 units Detached
RM 3,330,000
MUKIM 13
8,513 sqft · RM 391.00 PSF
Dec 2022
16,650 sqft
1 units Detached
RM 4,550,000
JALAN SERI BENDERA
16,641 sqft · RM 273.00 PSF
Jun 2022