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 188K to RM 338K, and a typical market range of RM 191K 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 162 and RM 239. Market pricing typically extends from RM 163.25 to RM 236.75, reflecting moderate variation in unit pricing. The spread of RM 73.50 (IQR) and deviation of RM 39 (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.
