PEARL TROPIKA

Area Intelligence

2022

Median Price

RM 505,000

PSF: RM 430

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Residential PSF Trends

Median Price

RM 505,000

PSF: RM 430

PEARL TROPIKA in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2022, with a median price of RM 505K and a median price per square foot (PSF) of RM 430.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 505K, with most transactions falling within a stable range of RM 494K to RM 516K, and a typical market range of RM 490K to RM 520K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 430, with most transactions between RM 417 and RM 443. The usual range is RM 348.00 to RM 512.00, showing that most units are priced quite close to each other. With an IQR of RM 164.00 and MAD of RM 13, 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.

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PEARL TROPIKA, Seberang Perai Selatan, Penang

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