Jalan Air Itam
Timur Laut, Penang · Terraced house · Freehold
Homes in Jalan Air Itam have sold for a median of
RM1,125,000
RM683 psf on the recorded floor area
Half of the 32 recorded sales fell between RM877,000 and RM1,437,500. One in ten went under RM722,500, one in ten over RM2,590,000. Sales run from 10 November 2021 to 22 August 2025.
Down 40% from a RM1,250,000 median in 2022 to RM745,000 in 2024.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What terraced house sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as terraced house under a Freehold title. Landed homes here are usually compared by whole-house price rather than psf alone; title type still matters when you sell or borrow — strata vs individual title.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM1,200,000 | RM777 psf | 2 |
| 2022 | RM1,250,000 | RM731 psf | 6 |
| 2023 | RM1,250,000 | RM711 psf | 14 |
| 2024 | RM745,000 | RM561 psf | 7 |
| 2025 | RM900,000 | RM777 psf | 3 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other terraced house schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Jalan Air Itam sits 6 of 10 in that set.
Against Penang
Across Penang, the median recorded sale for terraced house is RM409,600 (RM373 psf), from 3,162 sales. Jalan Air Itam’s own median is RM1,125,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM1,125,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM112,500
- Transfer duty (MOT): RM29,000
- Loan duty (0.5%): RM5,063
- Total cash: RM146,563
Monthly carry
- Instalment (35y @ 4.00%): RM4,483
- Total monthly: RM4,483
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Jalan Air Itam sold for?
- A median of RM1,125,000 (RM683 psf), from 32 land-office transactions between 10 November 2021 and 22 August 2025.
- What is a typical band here?
- Half of recorded sales fell between RM877,000 and RM1,437,500. One in ten went under RM722,500; one in ten over RM2,590,000.
- Has the median moved?
- From RM1,250,000 in 2022 to RM745,000 in 2024 (-40%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.