MARITIME SUITES

MARITIME SUITES in Timur Laut, Penang recorded 15 SOHO/SOFO/SOVO properties subsale transactions between 2021 and 2025 for soho/sofo/sovo properties, with a median price of RM 880K and a median price per square foot (PSF) of RM 886.

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 880K, with most transactions falling within a stable range of RM 797K to RM 963K, and a typical market range of RM 835K to RM 925K.

Within the SOHO/SOFO/SOVO category, soho/sofo/sovo dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 886, with most transactions between RM 827 and RM 945. The usual range is RM 849.88 to RM 922.13, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 59, 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.