Rediscover

Bayan Baru

The median sale at Bayan Baru, Penang, Malaysia is RM 520,000

25%
RM 290,000
RM 305 (PSF)
MEDIAN
RM 520,000
RM 424 (PSF)
75%
RM 700,000
RM 473 (PSF)

 

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.

Past Transactions

Project / TownShipsTypeMedian Price PsfMedian PriceFiled Transactions
Bayan BaruFlat,Terrace House,Cluster House,Condominium/Apartment,Semi-Detached HouseRM 274RM 271,692362 Transactions
Elit HeightsHotel/Service Apartment,Condominium/ApartmentRM 462RM 645,082194 Transactions
D'Piazza CondominiumCondominium/Apartment,FlatRM 488RM 501,29181 Transactions
Arena SuitesCondominium/ApartmentRM 443RM 550,89969 Transactions
Bukit GedungTerrace House,Cluster House,Flat,Condominium/ApartmentRM 319RM 259,68363 Transactions
Arena ResidenceCondominium/ApartmentRM 497RM 665,70040 Transactions
One World 1 (1-World)Condominium/ApartmentRM 385RM 535,38334 Transactions
Sunway TunasTerrace HouseRM 661RM 917,53628 Transactions
Olive Tree ResidencesCondominium/ApartmentRM 493RM 846,98224 Transactions
Halaman CendanaCondominium/Apartment,FlatRM 333RM 270,15819 Transactions
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Rent and Sale Prices in Bayan Baru

BedroomsSale PriceMonthly RentRental Yield
1RM --RM ----
2RM --RM ----
3RM 559,527RM 1,6993.64%
4RM 825,191RM ----
5RM --RM ----

Price per Square Foot

SectorPrice Psf (Non Landed)Price Psf (Landed)
Area AverageRM 363RM 385
State AverageRM 328RM 256