Harbour View Residence Floor Plan:

Market Analysis: Harbour View Residence

Harbour View Residence is a freehold high-rise residential project within the established Harbour Place township in Butterworth, Penang. Developed by OSK Property, it blends modern lifestyle features with affordability, offering just 373 exclusive units starting from 950 sq.ft.—perfect for families and young professionals seeking a well-connected, urban living environment.

Residents enjoy quality construction, multi-tier security, and generous car park allocation (2 to 4 per unit), complemented by a suite of lifestyle facilities including swimming pools, gym, playgrounds, and landscaped relaxation zones. Completion is set for November 2027.

🌆 Butterworth Market Overview

As part of Penang Mainland’s urban expansion, Butterworth has seen increased attention from homebuyers and investors due to its growing connectivity and lower entry prices compared to Penang Island.

🚉 Transit Accessibility

Located just 5–7 minutes from the Butterworth LRT station and close to Penang Sentral, Harbour View Residence offers seamless access to public transport, ferries, and KTM rail, enhancing connectivity to the island and greater northern region.

🛣️ Highway & Commuting Infrastructure

The area is well connected via Butterworth Outer Ring Road (BORR), North-South Expressway (PLUS), and ferry terminals, making it a strategic base for both working professionals and daily commuters to the island.

🏬 Growth of Urban Amenities

With rapid development of nearby malls (Sunway Carnival, Megamall Pinang), education institutions, and hospitals, Butterworth is transitioning into a self-sufficient urban node.

💼 Industrial & Economic Catchment

Its proximity to major industrial parks (Prai Industrial Zone, Penang Science Park) supports consistent demand from the working population, providing a strong foundation for rental yields and future price appreciation.

🔍 Comparison Table

⚙️ Key Market Drivers for Harbour View Residence

🚆 Transit-Oriented Location
Just minutes to the only LRT station in Butterworth and near Penang Sentral, offering rare rail and ferry connectivity within mainland Penang.

🏙️ Freehold within a Master-Planned Township
Located within the mature and reputable Harbour Place township with existing population, amenities, and infrastructure in place.

🏗️ Developed by OSK Property
A trusted award-winning developer with a strong national track record, ensuring quality, delivery, and reputation.

🌿 Complete Lifestyle Facilities
Residents benefit from a range of amenities including swimming pool, gymnasium, children’s playground, wading pool, and landscaped gardens—offering a complete lifestyle without needing to leave home.

🚗 Generous Car Park Allocation
With 2 to 4 car parks per unit, it appeals to multi-generational households and working families with multiple vehicles.

📈 Pricing Outlook

With a price range of RM430 to RM470 per sq.ft., Harbour View Residence is attractively priced compared to similar island developments while maintaining urban connectivity and quality construction. As Butterworth continues to urbanize and infrastructure such as LRT and Penang Sentral matures, capital appreciation is highly likely.

This price point also allows first-time buyers and investors a more affordable entry into the Penang property market, especially for those priced out of the island.

🎯 Target Market & Investment Potential

🎯 Target Market:
Ideal for first-time buyers, young families, and mainland professionals working in Butterworth or commuting to Penang Island. Also suitable for Penangites looking for larger units at lower cost without sacrificing convenience.

💼 Investment Potential:
Solid rental demand from industrial workers, hospital staff, and commuters. Units near transit lines are increasingly sought after, and with completion in 2027, early buyers may benefit from price appreciation during handover. Its freehold status, LRT proximity, and developer credibility enhance long-term value preservation.