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
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 7
|
RM 250,000
|
RM 252
|
990 sqft
|
|
Office |
|
Level 1
|
RM 300,000
|
RM 353
|
850 sqft
|
|
Office |
|
Level 2
|
RM 230,000
|
RM 270
|
850 sqft
|
|
Office |
|
Level 1
|
RM 1,450,000
|
RM 581
|
2,497 sqft
|
|
Shop |
|
Level 3
|
RM 200,000
|
RM 235
|
850 sqft
|
|
Office |
|
Level 6
|
RM 450,000
|
RM 181
|
2,486 sqft
|
|
Office |
|
Level 7
|
RM 318,000
|
RM 227
|
1,399 sqft
|
|
Office |
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Market Snapshot
CommercialRM 300,000
RM 252 psfMedian transaction price
2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia
MapsHarbour Trade Center in Timur Laut, Penang recorded 7 subsale transactions in 2024, with a median price of RM 300K and a median price per square foot (PSF) of RM 252.
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 300K, with most transactions falling within a stable range of RM 200K to RM 712K, and a typical market range of RM 232K to RM 368K.
Most transactions involved office lot, with minimal variety in property types.
Price per square foot shows a median of RM 252, though individual units vary from RM 128 to RM 377 in the core range. The broader market spans RM 211.45 to RM 293.45, indicating diverse property characteristics. A wider spread (IQR: RM 82.00) and deviation (MAD: RM 124) 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.