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 20
|
RM 1,000,000
|
RM 1,080
|
926 sqft
|
|
Office |
| 2023 | |||||
|
Level 7
|
RM 820,000
|
RM 856
|
958 sqft
|
|
Office |
|
Level 17
|
RM 850,000
|
RM 918
|
926 sqft
|
|
Office |
| 2022 | |||||
|
Level 16
|
RM 885,000
|
RM 924
|
958 sqft
|
|
SOHO |
|
Level 21
|
RM 840,000
|
RM 897
|
936 sqft
|
|
SOHO |
|
Level 9
|
RM 760,000
|
RM 821
|
926 sqft
|
|
SOHO |
|
Level 21
|
RM 868,000
|
RM 906
|
958 sqft
|
|
SOHO |
|
Level 16
|
RM 830,000
|
RM 886
|
936 sqft
|
|
SOHO |
|
Level 15
|
RM 760,000
|
RM 802
|
947 sqft
|
|
SOHO |
| 2021 | |||||
|
Level 20
|
RM 720,000
|
RM 778
|
926 sqft
|
|
SOHO |
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Market Snapshot
CommercialRM 835,000
RM 892 psfMedian transaction price
Maritime Suite, Karpal Singh Dr, 11600 George Town, Penang, Malaysia
MapsMaritime Suite in Timur Laut, Penang recorded 10 subsale transactions between 2021 and 2026, sized between 925 and 974 sqft, with a median price of RM 835K and a median price per square foot (PSF) of RM 892.
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 835K, with most transactions falling within a stable range of RM 760K to RM 910K, and a typical market range of RM 790K to RM 880K.
Most transactions involved soho/sofo/sovo, though some variety exists in the market.
For price per square foot, the median is RM 892, with most transactions between RM 811 and RM 972. The usual range is RM 855.54 to RM 927.79, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 80, 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.