TROPICALE RESIDENCY

Area Intelligence
2022
Median Price
RM 650,000
PSF: RM 356

Residential PSF Trends

Median Price

RM 650,000

PSF: RM 356

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 13 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 356.

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 650K, with most transactions falling within a stable range of RM 575K to RM 856K, and a typical market range of RM 575K to RM 776K.

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

The median PSF stands at RM 356, with core pricing between RM 302 and RM 410. Market pricing typically extends from RM 316.25 to RM 395.75, reflecting moderate variation in unit pricing. The spread of RM 79.50 (IQR) and deviation of RM 54 (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.

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TROPICALE RESIDENCY, Seberang Perai Tengah, Penang

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Transactions

13 transactions found

RM 650,000
LORONG TROPIKA 2
1,460 sqft RM 445.00 PSF
RM 575,000
LORONG TROPIKA 2
1,700 sqft RM 338.00 PSF
RM 825,000
LORONG TROPIKA 7
2,526 sqft RM 327.00 PSF
RM 640,000
LORONG TROPIKA 2
1,460 sqft RM 438.00 PSF
RM 650,000
LORONG TROPIKA 4
1,620 sqft RM 401.00 PSF
RM 968,000
LORONG TROPIKA 3
3,035 sqft RM 319.00 PSF
RM 628,000
LORONG TROPIKA 2
1,453 sqft RM 432.00 PSF
RM 580,000
LORONG TROPIKA 4
1,620 sqft RM 358.00 PSF
RM 1,270,000
LORONG TROPIKA 3
4,230 sqft RM 300.00 PSF
RM 638,000
LORONG TROPIKA 2
1,460 sqft RM 437.00 PSF
RM 780,000
LORONG TROPIKA 2
2,720 sqft RM 287.00 PSF
RM 1,035,000
LORONG TROPIKA 5
2,906 sqft RM 356.00 PSF
RM 960,000
LORONG TROPIKA 6
2,830 sqft RM 339.00 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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