TROPICALE RESIDENCY

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 10 subsale transactions between 2021 and 2025, with a median price of RM 899K and a median price per square foot (PSF) of RM 321.

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 899K, with most transactions falling within a stable range of RM 797K to RM 1.00 million, and a typical market range of RM 773K to RM 1.02 million.

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

The median PSF stands at RM 321, with core pricing between RM 281 and RM 360. Market pricing typically extends from RM 280.75 to RM 360.25, 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.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.