MARITIME PIAZZA

Area Intelligence
2023
Median Price
RM 1,412,500
PSF: RM 1,391

MARITIME PIAZZA in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 1.41 million and a median price per square foot (PSF) of RM 1,391.

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 1.41 million, with most transactions falling within a stable range of RM 1.38 million to RM 1.56 million, and a typical market range of RM 1.38 million to RM 1.71 million.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 1,391, with core pricing between RM 1,215 and RM 1,566. Market pricing typically extends from RM 955.75 to RM 1,825.25, reflecting moderate variation in unit pricing. With an IQR of RM 869.50 and MAD of RM 176, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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MARITIME PIAZZA, Timur Laut, Penang

OSM

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Transactions

4 transactions grouped by size

850 sqft
Shop/Retail Lot
RM 1,375,000
Level 1
872 sqft · RM 1,577 PSF
900 sqft
Shop/Retail Lot
RM 1,450,000
Level 1
915 sqft · RM 1,585 PSF
950 sqft
Shop/Retail Lot
RM 1,563,000
Level 1
947 sqft · RM 1,650 PSF
1,450 sqft
Shop/Retail Lot
RM 1,775,000
Level 2
1,475 sqft · RM 1,204 PSF

No Properties For Sale

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

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