Maritime Suite
Karpal Singh Dr, 11600 George Town, Penang, Malaysia
Karpal Singh Dr, 11600 George Town, Penang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 23
|
RM 900,000
|
RM 828
|
1,087 sqft
|
|
Office |
|
Level 8
|
RM 860,000
|
RM 799
|
1,076 sqft
|
|
Office |
| 2022 | |||||
|
Level 15
|
RM 1,000,000
|
RM 929
|
1,076 sqft
|
|
SOHO |
|
Level 22
|
RM 980,000
|
RM 910
|
1,076 sqft
|
|
SOHO |
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Market Snapshot
CommercialRM 940,000
RM 869 psfMedian transaction price
Maritime Suite, Karpal Singh Dr, 11600 George Town, Penang, Malaysia
MapsMaritime Suite in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, sized between 1,075 and 1,124 sqft, with a median price of RM 940K and a median price per square foot (PSF) of RM 869.
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 940K, with most transactions falling within a stable range of RM 883K to RM 997K, and a typical market range of RM 895K to RM 985K.
Most transactions involved soho/sofo/sovo, though some variety exists in the market.
For price per square foot, the median is RM 869, with most transactions between RM 815 and RM 924. The usual range is RM 833.03 to RM 905.28, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 55, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.