TROPICALE RESIDENCY

Area Intelligence
2022
Median Price
RM 964,000
PSF: RM 323

Residential PSF Trends

Median Price

RM 964,000

PSF: RM 323

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2022, with a median price of RM 964K and a median price per square foot (PSF) of RM 323.

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 964K, with most transactions falling within a stable range of RM 805K to RM 1.12 million, and a typical market range of RM 838K to RM 1.09 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 323, with most transactions between RM 300 and RM 346. The usual range is RM 283.25 to RM 362.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 23, 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

6 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
3,050 sqft
Bungalow
RM 968,000
LORONG TROPIKA 3
3,035 sqft · RM 319 PSF
4,250 sqft
Bungalow
RM 1,270,000
LORONG TROPIKA 3
4,230 sqft · RM 300 PSF

No Properties For Sale

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

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