HARBOUR TRADE CENTER

Area Intelligence
2023
Median Price
RM 262,500
PSF: RM 200

Commercial PSF Trends

Median Price

RM 262,500

RM 200 PSF

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 215K to RM 344K, and a typical market range of RM 215K to RM 334K.

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 163.25 to RM 236.75, reflecting moderate variation in unit pricing. With an IQR of RM 73.50 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.

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HARBOUR TRADE CENTER, Timur Laut, Penang

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Transactions

4 transactions grouped by size

1,000 sqft
Office Lot
RM 215,000
Level 6
990 sqft · RM 217 PSF
RM 225,000
Level 6
990 sqft · RM 227 PSF
1,650 sqft
Office Lot
RM 300,000
Level 3
1,636 sqft · RM 183 PSF
2,500 sqft
Office Lot
RM 420,000
Level 3
2,486 sqft · RM 169 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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