Tropicale Residency
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Lorong Tropika 4
|
RM 668,000
|
RM 378
|
1,765 sqft
|
|
2-Sty Terrace |
| 2023 | |||||
|
Lorong Tropika 4
|
RM 700,000
|
RM 397
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 4
|
RM 568,000
|
RM 322
|
1,765 sqft
|
|
2-Sty Terrace |
| 2022 | |||||
|
Lorong Tropika 4
|
RM 650,000
|
RM 368
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 4
|
RM 580,000
|
RM 329
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 2
|
RM 780,000
|
RM 442
|
1,765 sqft
|
|
2-Sty Terrace |
| 2021 | |||||
|
Lorong Tropika 4
|
RM 920,000
|
RM 521
|
1,765 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 668,000
RM 378 psfMedian transaction price
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
MapsTropicale Residency in Seberang Perai Tengah, Penang recorded 7 subsale transactions between 2021 and 2026, sized between 1,725 and 1,774 sqft, with a median price of RM 668K and a median price per square foot (PSF) of RM 378.
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 668K, with most transactions falling within a stable range of RM 568K to RM 781K, and a typical market range of RM 568K to RM 794K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 378, with core pricing between RM 314 and RM 443. Market pricing typically extends from RM 338.66 to RM 418.16, reflecting moderate variation in unit pricing. The spread of RM 79.50 (IQR) and deviation of RM 64 (MAD) suggest moderate price variations reflecting different property features.
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.