MARITIME SUITES

MARITIME SUITES in Timur Laut, Penang recorded 9 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 860K and a median price per square foot (PSF) of RM 872.

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 860K, with most transactions falling within a stable range of RM 767K to RM 953K, and a typical market range of RM 815K to RM 905K.

Within the Office Lot category, soho/sofo/sovo dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 872, with most transactions between RM 796 and RM 948. The usual range is RM 835.88 to RM 908.13, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 76, 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.