Harbour Trade Center

2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia

Property Transactions

8 subsales grouped by size

Median
RM355,000
PSF
RM170

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
1,000 sqft
Office
RM205,000
Level 7
980 sqft · RM209 PSF
1,500 sqft
Office
RM350,000
Level 6
1,496 sqft · RM234 PSF
2,050 sqft
Office
RM310,000
Level 2
2,067 sqft · RM150 PSF
RM310,000
Level 3
2,067 sqft · RM150 PSF
2,150 sqft
Office
RM360,000
Level 3
2,131 sqft · RM169 PSF
2,450 sqft
Office
RM420,000
Level 3
2,454 sqft · RM171 PSF
2,500 sqft
Office
RM380,000
Level 5
2,476 sqft · RM153 PSF
5,200 sqft
Office
RM1,160,000
Level 1
5,188 sqft · RM224 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM355,000

RM170 psf

Median transaction price

Harbour Trade Center
© OpenStreetMap · CARTO

2, Gat Lebuh Macallum, 10300 George Town, Pulau Pinang, Malaysia

Maps

Harbour Trade Center in Timur Laut, Penang recorded 8 subsale transactions in 2021, with a median price of RM355K and a median price per square foot (PSF) of RM170.

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 RM355K, with most transactions falling within a stable range of RM205K to RM635K, and a typical market range of RM287K to RM423K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM170, with core pricing between RM138 and RM202. Market pricing typically extends from RM129.03 to RM211.03, reflecting moderate variation in unit pricing. The spread of RM82.00 (IQR) and deviation of RM32 (MAD) suggest moderate price variations reflecting different property features.

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. Limited transaction history suggests carefully evaluating comparable sales data.