Harbour Trade Center
2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia
2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2021 | |||||
|
Level 7
|
RM 205,000
|
RM 209
|
980 sqft
|
|
Office |
|
Level 1
|
RM 1,160,000
|
RM 224
|
5,188 sqft
|
|
Office |
|
Level 6
|
RM 350,000
|
RM 234
|
1,496 sqft
|
|
Office |
|
Level 5
|
RM 380,000
|
RM 153
|
2,476 sqft
|
|
Office |
|
Level 3
|
RM 360,000
|
RM 169
|
2,131 sqft
|
|
Office |
|
Level 3
|
RM 420,000
|
RM 171
|
2,454 sqft
|
|
Office |
|
Level 2
|
RM 310,000
|
RM 150
|
2,067 sqft
|
|
Office |
|
Level 3
|
RM 310,000
|
RM 150
|
2,067 sqft
|
|
Office |
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Market Snapshot
CommercialRM 355,000
RM 170 psfMedian transaction price
2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia
MapsHarbour Trade Center in Timur Laut, Penang recorded 8 subsale transactions in 2021, with a median price of RM 355K and a median price per square foot (PSF) of RM 170.
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 355K, with most transactions falling within a stable range of RM 205K to RM 635K, and a typical market range of RM 287K to RM 423K.
Most transactions involved office lot, with minimal variety in property types.
The median PSF stands at RM 170, with core pricing between RM 138 and RM 202. Market pricing typically extends from RM 129.03 to RM 211.03, reflecting moderate variation in unit pricing. The spread of RM 82.00 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.
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.