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 780K to RM 732K, and a typical market range of RM 780K to RM 776K.

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 356, with most transactions between RM 337 and RM 375. The usual range is RM 316.25 to RM 395.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 19, 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

2,550 sqft
Bungalow
RM 825,000
LORONG TROPIKA 7
2,526 sqft · RM 327 PSF
2,700 sqft
Double Storey Terraced
RM 780,000
LORONG TROPIKA 2
2,720 sqft · RM 287 PSF
2,850 sqft
Bungalow
RM 960,000
LORONG TROPIKA 6
2,830 sqft · RM 339 PSF
3,050 sqft
Bungalow
RM 968,000
LORONG TROPIKA 3
3,035 sqft · RM 319 PSF

No Properties For Sale

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

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