BAYAN BARU

Penang, Malaysia

28
Properties within neighbourhood
6
Convenience Store
0
Shopping Malls
1
Supermarkets & Markets
0
Public Transport
3
Educations
6
Places of Worship
3
Medicals
5
Banks
2
Petrol Station

average

Crime Level

Bayan Lepas Expressway

Highways

NIL

Upcoming Developments
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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Bayan Baru *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Bayan Baru has become one of the most fast-tracked developing towns on the island of Penang. This is in large part due to the establishment of the Bayan Lepas Free Industrial Zone which saw many multinational companies from around the world setting up operations there, creating a multiplicity of employment opportunities in the area. This in turn had prompted a boom in population in Bayan Lepas and the surrounding neighbourhoods as more and more people moved, worked and lived down south in those areas, out of Georgetown.

With the increase in population, Bayan Baru is seeing an increase in residential developments to accommodate the growing numbers. Many of those are apartment and condominium residences such as Arena Residences, Bayan City, D’Piazza Condominium, Elit Heights, The One Penang Cyber City and many more. Commercial developments like Arena Curve and Elit Avenue Business Park have also enabled many amenities and businesses to be set up there, catering to the ever-growing population.

Amenities in Bayan Baru include numerous eateries and food courts, banks, clinics and shopping malls such as Sunshine Square, D’Piazza Mall, One Precinct and a Giant hypermarket. There is also the modern and convenient Bayan Baru market which was also built to cater to the booming population. The only school within the area is SK Bayan Baru while the nearest hospital is Pantai Hospital in Bayan Lepas, about 15 minutes away.

Bayan Baru is within close proximity to several major roads, namely the Tun Dr. Lim Chong Eu Expressway, which leads up north through Pantai Jerjak, Batu Uban, Gelugor, and Pengkalan Weld before going left towards Georgetown. Jalan Sultan Azlan Shah also connects Bayan Baru to northern Penang, passing through areas like Sungai Dua, Gelugor and Jelutong before reaching Georgetown on the right. Journey by either roads to Georgetown will take approximately 25 minutes depending on traffic and road conditions.

As a large part of the population in Bayan Baru comprises of those working in Bayan Lepas, Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway experience heavy traffic during the peak hours in the morning and evening when Bayan Baru residents go and come back from work.

The Bayan Lepas Elevated Highway, which was built with the purpose of easing the congestion, has not helped much due to its extension of about 1km from what was originally proposed, halfway through construction. This has caused the elevated highway to bypass certain key areas such as the Bayan Baru roundabout, Kampung Jawa junction and Sungai Dua junction where traffic is usually most congested.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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