Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2022

Median Price

RM 638,000

PSF: RM 432

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Residential PSF Trends

Median Price

RM 638,000

PSF: RM 432

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2022, with a median price of RM 638K and a median price per square foot (PSF) of RM 432.

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 638K, with most transactions falling within a stable range of RM 608K to RM 650K, and a typical market range of RM 575K to RM 650K.

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 432, with most transactions between RM 392 and RM 472. The usual range is RM 392.25 to RM 471.75, showing that most units are priced quite close to each other. 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

7 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,450 sqft

Double Storey Terraced

1,450 sqft

Double Storey Terraced

RM 650,000

LORONG TROPIKA 2

1,460 sqft · RM 445 PSF

Nov 2022

RM 640,000

LORONG TROPIKA 2

1,460 sqft · RM 438 PSF

Aug 2022

RM 628,000

LORONG TROPIKA 2

1,453 sqft · RM 432 PSF

May 2022

RM 638,000

LORONG TROPIKA 2

1,460 sqft · RM 437 PSF

Apr 2022

LORONG TROPIKA 2	RM 650,000	RM 445	1,460 sqft	Nov 2022
LORONG TROPIKA 2	RM 640,000	RM 438	1,460 sqft	Aug 2022
LORONG TROPIKA 2	RM 628,000	RM 432	1,453 sqft	May 2022
LORONG TROPIKA 2	RM 638,000	RM 437	1,460 sqft	Apr 2022