Maritime Suite

Karpal Singh Dr, 11600 George Town, Penang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM875,000
PSF
RM910

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
700 sqft
Office
RM650,000
Level 3
721 sqft · RM901 PSF
950 sqft
Office
RM820,000
Level 7
958 sqft · RM856 PSF
RM850,000
Level 17
926 sqft · RM918 PSF
RM900,000
Level 10
980 sqft · RM919 PSF
RM900,000
Level 10
980 sqft · RM919 PSF
1,050 sqft
Office
RM920,000
Level 16
1,055 sqft · RM872 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM875,000

RM910 psf

Median transaction price

Maritime Suites
© OpenStreetMap · CARTO

Maritime Suite, Karpal Singh Dr, 11600 George Town, Penang, Malaysia

Maps

Maritime Suite in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM875K and a median price per square foot (PSF) of RM910.

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 RM875K, with most transactions falling within a stable range of RM784K to RM920K, and a typical market range of RM830K to RM920K.

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

For price per square foot, the median is RM910, with most transactions between RM885 and RM935. The usual range is RM873.64 to RM945.89, showing that most units are priced quite close to each other. With an IQR of RM72.25 and MAD of RM25, 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.