Penang
Timur Laut
Georgetown
HARBOUR TRADE CENTER

HARBOUR TRADE CENTER

Area Intelligence

2023

Median Price

RM 360,000

PSF: RM 176

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Commercial PSF Trends

Median Price

RM 360,000

RM 176 PSF

HARBOUR TRADE CENTER in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 176.

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 360K, with most transactions falling within a stable range of RM 300K to RM 420K, and a typical market range of RM 300K to RM 420K.

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

For price per square foot, the median is RM 176, with most transactions between RM 169 and RM 183. The usual range is RM 139.25 to RM 212.75, 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. 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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