Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2023

Median Price

RM 775,000

PSF: RM 372

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Residential PSF Trends

Median Price

RM 775,000

PSF: RM 372

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 775K and a median price per square foot (PSF) of RM 372.

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 775K, with most transactions falling within a stable range of RM 568K to RM 1.26 million, and a typical market range of RM 649K to RM 901K.

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 372, with most transactions between RM 336 and RM 408. The usual range is RM 332.25 to RM 411.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 36, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TROPICALE RESIDENCY, Seberang Perai Tengah, Penang

OSM

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Transactions

6 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 700,000

LORONG TROPIKA 4

1,625 sqft • RM 431.00 PSF

Aug 2023

RM 850,000

LORONG TROPIKA 2

2,336 sqft • RM 364.00 PSF

Apr 2023

RM 679,000

LORONG TROPIKA 2

1,700 sqft • RM 399.00 PSF

Mar 2023

RM 568,000

LORONG TROPIKA 4

1,493 sqft • RM 380.00 PSF

Mar 2023

RM 2,000,000

LORONG TROPIKA 7

5,651 sqft • RM 354.00 PSF

Mar 2023

RM 878,000

LORONG TROPIKA 7

2,777 sqft • RM 316.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
LORONG TROPIKA 4	RM 700,000	RM 431.00	1,625 sqft	Aug 2023	Double Storey Terraced
LORONG TROPIKA 2	RM 850,000	RM 364.00	2,336 sqft	Apr 2023	Double Storey Terraced
LORONG TROPIKA 2	RM 679,000	RM 399.00	1,700 sqft	Mar 2023	Double Storey Terraced
LORONG TROPIKA 4	RM 568,000	RM 380.00	1,493 sqft	Mar 2023	Double Storey Terraced
LORONG TROPIKA 7	RM 2,000,000	RM 354.00	5,651 sqft	Mar 2023	Bungalow
LORONG TROPIKA 7	RM 878,000	RM 316.00	2,777 sqft	Jan 2023	Bungalow