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
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Lorong Tropika 4
|
RM 700,000
|
RM 397
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 2
|
RM 850,000
|
RM 534
|
1,593 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 2
|
RM 679,000
|
RM 426
|
1,593 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 4
|
RM 568,000
|
RM 322
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Tropika 7
|
RM 2,000,000
|
RM 354
|
5,651 sqft
|
|
Bungalow |
|
Lorong Tropika 7
|
RM 878,000
|
RM 316
|
2,777 sqft
|
|
Bungalow |
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Market Snapshot
ResidentialRM 775,000
RM 375 psfMedian transaction price
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
MapsTropicale 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 375.
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 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 375, with core pricing between RM 301 and RM 450. Market pricing typically extends from RM 335.48 to RM 414.98, reflecting moderate variation in unit pricing. The spread of RM 79.50 (IQR) and deviation of RM 75 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.