MARITIME SUITES

MARITIME SUITES in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 875K and a median price per square foot (PSF) of RM 910.

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 875K, with most transactions falling within a stable range of RM 784K to RM 920K, and a typical market range of RM 830K to RM 920K.

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

For price per square foot, the median is RM 910, with most transactions between RM 885 and RM 934. The usual range is RM 873.38 to RM 945.63, showing that most units are priced quite close to each other. With an IQR of RM 72.25 and MAD of RM 25, 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.