HARBOUR TRADE CENTER

Area Intelligence
2021
Median Price
RM 355,000
PSF: RM 161

Commercial PSF Trends

Median Price

RM 355,000

RM 161 PSF

HARBOUR TRADE CENTER in Timur Laut, Penang recorded 6 subsale transactions in 2021, with a median price of RM 355K and a median price per square foot (PSF) of RM 161.

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 355K, with most transactions falling within a stable range of RM 316K to RM 394K, and a typical market range of RM 310K to RM 420K.

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

The median PSF stands at RM 161, with core pricing between RM 132 and RM 190. Market pricing typically extends from RM 124.25 to RM 197.75, reflecting moderate variation in unit pricing. The spread of RM 73.50 (IQR) and deviation of RM 29 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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HARBOUR TRADE CENTER, Timur Laut, Penang

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Transactions

6 transactions grouped by size

1,500 sqft
Office Lot
RM 350,000
Level 6
1,496 sqft · RM 234 PSF
2,050 sqft
Office Lot
RM 310,000
Level 2
2,067 sqft · RM 150 PSF
RM 310,000
Level 3
2,067 sqft · RM 150 PSF
2,150 sqft
Office Lot
RM 360,000
Level 3
2,131 sqft · RM 169 PSF
2,450 sqft
Office Lot
RM 420,000
Level 3
2,454 sqft · RM 171 PSF
2,500 sqft
Office Lot
RM 380,000
Level 5
2,476 sqft · RM 153 PSF

No Properties For Sale

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

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