Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2023

Median Price

RM 864,000

PSF: RM 340

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Residential PSF Trends

Median Price

RM 864,000

PSF: RM 340

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 864K and a median price per square foot (PSF) of RM 340.

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 864K, with most transactions falling within a stable range of RM 850K to RM 878K, and a typical market range of RM 850K to RM 878K.

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 340, with most transactions between RM 316 and RM 364. The usual range is RM 300.25 to RM 379.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 24, 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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