HARBOUR TRADE CENTER in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 303K and a median price per square foot (PSF) of RM 154.
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 303K, with most transactions falling within a stable range of RM 228K to RM 378K, and a typical market range of RM 232K to RM 374K.
Most transactions involved office lot, with minimal variety in property types.
Price per square foot shows a median of RM 154, though individual units vary from RM 116 to RM 193 in the core range. The broader market spans RM 117.25 to RM 190.75, indicating diverse property characteristics. A wider spread (IQR: RM 73.50) and deviation (MAD: RM 39) 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.
