MARITIME SUITES

MARITIME SUITES in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 880K and a median price per square foot (PSF) of RM 846.

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 801K to RM 959K, and a typical market range of RM 835K to RM 925K.

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

The median PSF stands at RM 846, with core pricing between RM 735 and RM 956. Market pricing typically extends from RM 809.38 to RM 881.63, reflecting moderate variation in unit pricing. With an IQR of RM 72.25 and MAD of RM 111, 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.