Timur Laut, Penang · Freehold · 260 transactions
Median Price
RM155K
RM130K – RM240K
Median PSF
RM290
RM248 – RM363
Transactions
260
2021-03 to 2025-12
Size Range
506 – 2368
sq.ft (built-up)
Data-driven insights for BANDAR BARU AIR ITAM
Earliest PSF (2021)
RM329
Current PSF (2025)
RM308
Capital Gain
-6.5%
Total Return (est.)
2.4% p.a.
| Capital appreciation (4 years) | -6.5% |
| Annualised capital return | -1.6% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 2.4% p.a. |
| vs Fixed Deposit (3.5% p.a. x 4yr) | -4.5% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 500 sqft | 141 | RM135K | RM261 |
| 600 sqft | 36 | RM155K | RM257 |
| 650 sqft | 3 | RM225K | RM348 |
| 700 sqft | 29 | RM240K | RM348 |
| 750 sqft | 6 | RM270K | RM369 |
| 850 sqft | 7 | RM630K | RM732 |
| 1,000 sqft | 5 | RM600K | RM593 |
| 1,150 sqft | 2 | RM830K | RM721 |
| 1,300 sqft | 6 | RM780K | RM609 |
| 1,450 sqft | 2 | RM1.30M | RM908 |
| 1,500 sqft | 7 | RM1.20M | RM791 |
| 1,550 sqft | 4 | RM1.10M | RM720 |
| 1,700 sqft | 2 | RM1.10M | RM643 |
| 1,850 sqft | 3 | RM1.08M | RM577 |
| 2,200 sqft | 2 | RM990K | RM451 |
PSF Trend: Stable
PSF moved from RM329 (2021) to RM308 (2025)
Liquidity: High
260 transactions over 4 years (~65/year)
37% below Timur Laut average
This project: RM290 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 2.4% p.a. (below FD)
Capital loss (-1.6% p.a.) + rental yield (~4% p.a.)
BANDAR BARU AIR ITAM delivers a modest estimated total return of 2.4% p.a. — comprising -1.6% capital depreciation and ~4% rental yield over 4 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF trades 37% below the Timur Laut average — potentially undervalued. Best suited for long-term holders, those who value liquidity.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Dec 2025 | Low-Cost Flat | Freehold | 611 | RM229 | RM140K |
| Nov 2025 | 1 - 1 1/2 Storey Semi-Detached | Freehold | 861 | RM755 | RM650K |
| Oct 2025 | Cluster House | Freehold | 689 | RM308 | RM212K |
| Oct 2025 | Low-Cost Flat | Freehold | 512 | RM205 | RM105K |
| Oct 2025 | Low-Cost Flat | Freehold | 512 | RM410 | RM210K |
255 more transactions hidden
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 260 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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