Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2024

Median Price

RM 668,000

PSF: RM 397

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Residential PSF Trends

Median Price

RM 668,000

PSF: RM 397

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2024, priced between RM 300K and RM 750K, with a median price of RM 668K and a median price per square foot (PSF) of RM 397.

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 668K, with most transactions falling within a stable range of RM 651K to RM 670K, and a typical market range of RM 633K to RM 670K.

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 397, with most transactions between RM 370 and RM 425. The usual range is RM 357.60 to RM 437.10, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 28, 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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