HARBOUR TRADE CENTER

HARBOUR 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 300K to RM 323K, and a typical market range of RM 300K to RM 334K.

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

For price per square foot, the median is RM 200, with most transactions between RM 193 and RM 207. The usual range is RM 163.25 to RM 236.75, showing that most units are priced quite close to each other. With an IQR of RM 73.50 and MAD of RM 7, 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.