TROPICALE RESIDENCY

Area Intelligence
2022
Median Price
RM 892,500
PSF: RM 333

Residential PSF Trends

Median Price

RM 892,500

PSF: RM 333

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 893K and a median price per square foot (PSF) of RM 333.

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 893K, with most transactions falling within a stable range of RM 790K to RM 995K, and a typical market range of RM 780K to RM 1.02 million.

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 333, with most transactions between RM 308 and RM 358. The usual range is RM 293.25 to RM 372.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 25, 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.

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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
2,900 sqft
Bungalow
RM 1,035,000
LORONG TROPIKA 5
2,906 sqft · RM 356 PSF

No Properties For Sale

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

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