TROPICALE RESIDENCY

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 8 Bungalow properties subsale transactions between 2021 and 2025 for bungalow properties, with a median price of RM 1.00 million 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 1.00 million, with most transactions falling within a stable range of RM 825K to RM 1.60 million, and a typical market range of RM 876K to RM 1.13 million.

Within the Bungalow category, 2 - 2 1/2 storey terraced dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 323, with most transactions between RM 304 and RM 342. 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 19, 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.