MARITIME SUITES

MARITIME SUITES in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 730K and a median price per square foot (PSF) of RM 778.

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 730K, with most transactions falling within a stable range of RM 720K to RM 803K, and a typical market range of RM 720K to RM 775K.

Most transactions involved soho/sofo/sovo, though some variety exists in the market.

For price per square foot, the median is RM 778, with most transactions between RM 716 and RM 840. The usual range is RM 741.88 to RM 814.13, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 62, 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.