TROPICALE RESIDENCY

Area Intelligence
2024
Median Price
RM 669,000
PSF: RM 347

Residential PSF Trends

Median Price

RM 669,000

PSF: RM 347

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2024, with a median price of RM 669K and a median price per square foot (PSF) of RM 347.

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 669K, with most transactions falling within a stable range of RM 567K to RM 772K, and a typical market range of RM 543K to RM 795K.

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

The median PSF stands at RM 347, with core pricing between RM 308 and RM 387. Market pricing typically extends from RM 307.25 to RM 386.75, reflecting moderate variation in unit pricing. With an IQR of RM 79.50 and MAD of RM 40, 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. 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

4 transactions grouped by size

1,600 sqft
Double Storey Terraced
RM 670,000
LORONG TROPIKA 1
1,604 sqft · RM 418 PSF
1,700 sqft
Double Storey Terraced
RM 633,000
LORONG TROPIKA 2
1,700 sqft · RM 372 PSF
2,050 sqft
Double Storey Terraced
RM 668,000
LORONG TROPIKA 4
2,072 sqft · RM 322 PSF
8,350 sqft
Bungalow
RM 2,600,000
LORONG TROPIKA 6
8,353 sqft · RM 311 PSF

No Properties For Sale

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

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