HARBOUR TRADE CENTER

HARBOUR TRADE CENTER in Timur Laut, Penang recorded 24 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 307K and a median price per square foot (PSF) of RM 196.

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 307K, with most transactions falling within a stable range of RM 160K to RM 495K, and a typical market range of RM 236K to RM 377K.

Within the Office Lot category, office lot dominated the market, with minimal variety in property types.

Price per square foot shows a median of RM 196, though individual units vary from RM 143 to RM 249 in the core range. The broader market spans RM 159.50 to RM 232.50, indicating diverse property characteristics. A wider spread (IQR: RM 73.00) and deviation (MAD: RM 53) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.