Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2021

Median Price

RM 639,000

PSF: RM 361

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Residential PSF Trends

Median Price

RM 639,000

PSF: RM 361

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 639K and a median price per square foot (PSF) of RM 361.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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 361, with most transactions between RM 361 and RM 361. The usual range is RM 320.75 to RM 400.25, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 0, 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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