Penang
Timur Laut
Georgetown
HARBOUR TRADE CENTER

HARBOUR TRADE CENTER

Area Intelligence

2022

Median Price

RM 303,000

PSF: RM 154

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Commercial PSF Trends

Median Price

RM 303,000

RM 154 PSF

HARBOUR TRADE CENTER in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 303K and a median price per square foot (PSF) of RM 154.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 303K, with most transactions falling within a stable range of RM 271K to RM 225K, and a typical market range of RM 232K to RM 225K.

Most transactions involved office lot, with minimal variety in property types.

Price per square foot shows a median of RM 154, though individual units vary from RM 105 to RM 204 in the core range. The broader market spans RM 117.25 to RM 190.75, indicating diverse property characteristics. A wider spread (IQR: RM 73.50) and deviation (MAD: RM 50) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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HARBOUR TRADE CENTER, Timur Laut, Penang

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