Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2021

Median Price

RM 628,000

PSF: RM 369

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Residential PSF Trends

Median Price

RM 628,000

PSF: RM 369

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 628K and a median price per square foot (PSF) of RM 369.

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 628K, with most transactions falling within a stable range of RM 592K to RM 650K, and a typical market range of RM 565K 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 369, with most transactions between RM 357 and RM 381. The usual range is RM 329.25 to RM 408.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 12, 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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