MARITIME PIAZZA

MARITIME PIAZZA in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 1.45 million and a median price per square foot (PSF) of RM 1,585.

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 1.45 million, with most transactions falling within a stable range of RM 1.19 million to RM 1.71 million, and a typical market range of RM 1.15 million to RM 1.75 million.

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

The median PSF stands at RM 1,585, with core pricing between RM 1,358 and RM 1,812. Market pricing typically extends from RM 1,150.25 to RM 2,019.75, reflecting moderate variation in unit pricing. With an IQR of RM 869.50 and MAD of RM 227, 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.