Bayan Baru
Sale Price (RM PSF)
Sale Price (RM per Unit)
The price of properties that falls in the 25th, Median (50th) and 75th positions based on 1,738 Transactions available between 2012 and 2017.
25th
25% of properties are below this price and 75% are above. Also known as 25th percentile or Lower Quartile.
Median (50th)
The middle point price of total properties sold, in which 50% of properties are below this price and 50% are above.
75th
75% of prices are below this price and 25% are above. Also known as 75th percentile or Upper Quartile.
26 Projects/Townships (1,738 Transactions)
Rent and Sale Prices in Bayan Baru
| Bedrooms | Sale Price | Monthly Rent | Rental Yield |
|---|---|---|---|
| 1 | -- | 3,100 | -- |
| 2 | 502,000 | 1,450 | 3.47% |
| 3 | 582,412 | 1,790 | 3.69% |
| 4 | 795,883 | 2,150 | 3.24% |
| 5 | 1,828,334 | -- | -- |
| 1 | -- | 7,500 | -- |
| 2 | -- | -- | -- |
| 3 | 931,826 | 1,300 | 1.67% |
| 4 | 1,022,238 | 2,467 | 2.9% |
| 5 | 2,235,000 | -- | -- |
Price per Square Foot in Bayan Baru
| Sector | Price per ft2 (Non Landed) | Price per ft2 (Landed) |
|---|---|---|
| Area Average | 338 | 1,323 |
| State Average | 282 | 2,118 |
Highest Price Growth
| Projects | Annual Growth |
|---|---|
| Olive Tree Residences | 0.08% |
| Elit Heights | 0.04% |
| Arena Suites | 0.03% |
| Puteri Indah | 0.02% |
Lowest Price Growth
| Projects | Annual Growth |
|---|---|
| Bukit Gedung | -0.05% |
| Bayan Baru | -0.05% |
| D'Piazza Condominium | -0.01% |
| The One - 1 World | -0% |
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Overview
The township of Bayan Baru is two kilometres away from the Bayan Lepas Free Industrial Zone, and 5km from the Penang International Airport.
The Penang Development Corporation, the state-investment arm, started developing it in the 1970s from what used to be paddy fields. Today, largely due to its vicinity to the industrial zone, it is one of the most rapid developed areas on the island. It now houses many condominium and apartments amid its other residential areas.
A distance of 7.4km from the Penang Bridge, and 16.6km from Sultan Abdul Halim Muadzam Shah bridge (second bridge), Bayan Baru houses many eateries ranging from the mamaks to the fast food and kopitiam like outlets.
History has it that Bayan Baru first was wetlands before the agricultural activity of paddy fields. And because it was near two rivers – Sungai Relau and Sungai Ara – it often was flooded if rain were coupled with a high-tide. The conditions were improved with rectified drainage and other flood mitigation works.
Amenities and Facilities
There are hotels within the Bayan Baru vicinity and a stone's throw away including the likes of Olive Tree Hotel, Equatorial Hotel in Bukit Jambul and the Corum View Hotel. Shopping areas include Giant Hypermarket, Sunshine Square and Quartermile.
There are other amenities like a post office, banks, a hive of commercial activities, the Bayan Baru market, the Subterranean Penang International Conference and Exhibition Centre, or SPICE as it is more popularly known, and the Penang International Sports Arena.
Bayan Baru is accessible via the Rapid Penang bus services and taxi.
Note: Whilst every effort has been taken to ensure the above information is up to date, some inaccuracies may occur. If you notice any inaccuracies please contact [email protected] All information was correct at time of publication and is provided in good faith.
