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
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 3
|
RM 420,000
|
RM 169
|
2,486 sqft
|
|
Office |
|
Level 6
|
RM 215,000
|
RM 217
|
990 sqft
|
|
Office |
|
Level 6
|
RM 225,000
|
RM 227
|
990 sqft
|
|
Office |
|
Level 3
|
RM 300,000
|
RM 183
|
1,636 sqft
|
|
Office |
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Market Snapshot
CommercialRM 262,500
RM 200 psfMedian transaction price
2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia
MapsHarbour Trade Center in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 263K and a median price per square foot (PSF) of RM 200.
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 263K, with most transactions falling within a stable range of RM 215K to RM 344K, and a typical market range of RM 215K to RM 330K.
Most transactions involved office lot, with minimal variety in property types.
The median PSF stands at RM 200, with core pricing between RM 176 and RM 224. Market pricing typically extends from RM 159.24 to RM 241.24, reflecting moderate variation in unit pricing. With an IQR of RM 82.00 and MAD of RM 24, the PSF demonstrates reasonable consistency across the market.
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.