Maritime Piazza

George Town, Penang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM1,412,500
PSF
RM1,577
Period
transactions middle 50% (P25–P75)
850 sqft
Shop
RM1,375,000
Level 1
872 sqft · RM1,577 PSF
900 sqft
Shop
RM1,450,000
Level 1
915 sqft · RM1,585 PSF
950 sqft
Shop
RM1,563,000
Level 1
947 sqft · RM1,650 PSF
1,300 sqft
Shop
RM665,000
Level 4
1,281 sqft · RM519 PSF
1,400 sqft
Shop
RM782,000
Level 3
1,421 sqft · RM550 PSF
1,450 sqft
Shop
RM1,775,000
Level 2
1,475 sqft · RM1,204 PSF
Legend Recent Highest Price Highest PSF

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Maritime Piazza in Timur Laut, Penang recorded 6 subsale transactions between 2021 and 2026, with a median price of RM1.41 million and a median price per square foot (PSF) of RM1,577.

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 RM1.41 million, with most transactions falling within a stable range of RM1.16 million to RM1.67 million, and a typical market range of RM1.11 million to RM1.71 million.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM1,577, with core pricing between RM1,350 and RM1,804. Market pricing typically extends from RM1,142.30 to RM2,011.80, reflecting moderate variation in unit pricing. With an IQR of RM869.50 and MAD of RM227, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.