Penang
Seberang Perai Tengah
15
TROPICALE RESIDENCY

TROPICALE RESIDENCY

Area Intelligence

2022

Median Price

RM 1,119,000

PSF: RM 310

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Residential PSF Trends

Median Price

RM 1,119,000

PSF: RM 310

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.12 million and a median price per square foot (PSF) of RM 310.

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 1.12 million, with most transactions falling within a stable range of RM 968K to RM 1.27 million, and a typical market range of RM 993K to RM 1.24 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 310, with most transactions between RM 300 and RM 319. The usual range is RM 269.75 to RM 349.25, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 10, 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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