Timur Laut, Penang · Freehold · 33 transactions
Median Price
RM270K
RM245K – RM290K
Median PSF
RM386
RM350 – RM414
Transactions
33
2021-09 to 2025-04
Size Range
700 – 700
sq.ft (built-up)
Data-driven insights for BANDAR BARU AIR ITAM-SRI IVORI
Earliest PSF (2021)
RM429
Current PSF (2025)
RM414
Capital Gain
-3.3%
Total Return (est.)
3.2% p.a.
| Capital appreciation (4 years) | -3.3% |
| Annualised capital return | -0.8% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 3.2% p.a. |
| vs Fixed Deposit (3.5% p.a. x 4yr) | -1.3% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
PSF Trend: Stable
PSF moved from RM429 (2021) to RM414 (2025)
Liquidity: Moderate
33 transactions over 4 years (~8/year)
16% below Timur Laut average
This project: RM386 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 3.2% p.a. (below FD)
Capital loss (-0.8% p.a.) + rental yield (~4% p.a.)
BANDAR BARU AIR ITAM-SRI IVORI delivers a modest estimated total return of 3.2% p.a. — comprising -0.8% 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 16% below the Timur Laut average — potentially undervalued. Best suited for long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Apr 2025 | Flat | Freehold | 700 | RM414 | RM290K |
| Apr 2025 | Flat | Freehold | 700 | RM429 | RM300K |
| Jan 2025 | Flat | Freehold | 700 | RM372 | RM260K |
| Sept 2024 | Flat | Freehold | 700 | RM400 | RM280K |
| Aug 2024 | Flat | Freehold | 700 | RM429 | RM300K |
28 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 33 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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